How does the 16th largest bank in America collapse? Will this happen to your bank too?
Silicon Valley Bank is no more: Here's what Silicon Valley Bank's failure means
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In this edition, we’re diving into the failure and collapse of Silicon Vally Bank and what it means. Let’s get into it!
Silicon Valley Bank's collapse is the second-largest bank failure in US history and the largest since the 2008 financial crisis. With $209 billion of assets and $175 billion of deposits, SVB was the 16th largest bank in America. This makes it the biggest bank failure since the collapse of Washington Mutual in 2008 (which had over $300 billion of assets).
How did we get here?
SVB had been operating for over 40 years and had established itself as the go-to bank for startups. It was the preferred b…
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