$42 billion gone in one day, then the bank collapsed
8:36
MSNNewsthink
$42 billion gone in one day, then the bank collapsed
Silicon Valley Bank collapsed rapidly after customers began withdrawing massive amounts of money during a period of economic stress. The bank had invested heavily in long-term bonds, which lost value as interest rates rose. When withdrawals increased, it was forced to sell those assets at a loss, triggering panic. A public announcement about ...
2 days ago
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