On Friday, March 10, California-based Silicon Valley Bank (SVB), was forced to close. SVB was among the top 20 US banks by assets. Its collapse was the second-largest bank failure in US history. Who could have caused SVB’s collapse? Let...
On Friday, March 10, California-based Silicon Valley Bank (SVB), was forced to close. SVB was among the top 20 US banks by assets. Its collapse was the second-largest bank failure in US history. Who could have caused SVB’s collapse? Let us examine the potential culprits one by one. The Federal Reserve In an interview with YouTube channel Blockworks Macro, Chris Whalen, an investment banker and author, puts the blame for...
On Friday, March 10, California-based Silicon Valley Bank (SVB), was forced to close. SVB was among the top 20 US banks by assets. Its collapse was the second-largest bank failure in US history. Who could have caused SVB’s collapse? Let us examine the potential culprits one by one. The Federal Reserve In an interview with YouTube channel Blockworks Macro, Chris Whalen, an investment banker and author, puts the blame for...
