Learn › Economic history › The Collapse of Silicon Valley Bank
Economic history · The United States
In March 2023 Silicon Valley Bank, a lender to technology start-ups, lost over $40 billion of deposits in a day, with far more set to follow, and was closed. What happened, why the bank was so exposed to a run, and what followed.
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1 What Was the Collapse of Silicon Valley Bank? A loss announced on a Wednesday, over 40 billion dollars withdrawn on the Thursday, and the bank closed on the Friday. 7 steps · 10 min Done 2 Why Silicon Valley Bank Failed Bonds bought when rates were low, deposits far above the insurance limit, and reviews that blamed managers and supervisors. 7 steps · 10 min DoneCountry data from the World Bank (CC BY 4.0) and the UNDP Human Development Report (CC BY 3.0 IGO)
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