Suze School: The Story of SVB
Suze Orman's Women & Money (And Everyone Smart Enough To Listen)
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Get Your Money Out of Securesave
SVB announced that they had sold a big part of their holdings at a serious loss. Then SVB also announced it was going to sell $2.25 billion worth of its shares. That totally spooked all the venture capital people who had large sums of money via these startups in SVB. So what happened then, because the phone started to ring everywhere, get your money out of SVB, that started a run on the bank.
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