As of March 10, 2023, Silicon Valley Bank (SVB) experienced a bank run and subsequently failed, making it the second-largest bank failure in the history of the United States and the largest one since the 2008 financial crisis. SVB, which held over $200 billion was one of two banks to fail in the United States during the month of March 2023. The bank was the epicenter of Tech, Startups, and venture capital. So what really happened to the mighty SVB and why has it fallen?
How Do Banks Operate?
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Published on May 23, 2023 08:00