Panic-Induced Bank Run Spells the End for Silicon Valley Bank
In the news: Silicon Valley Bank (SVB), a significant financial institution for the tech industry and venture capital firms, has been seized by regulators due to a panic-induced bank run. This development has significant implications for the industry as a whole.
A podcast from Pivot examines the bank's downfall, while an article from CNBC discusses how the collapse happened within just two days. Another CNBC article reports that Roku has 26% of its cash reserves stuck in SVB. Finally, an article from The Atlantic argues that the failure of SVB is now everyone's problem.
Have something to say? Send me an email.
Found this post useful? Why not buy me a coffee?
© 2022 ldstephens.me