Tweet
The 20th largest bank in the US was just closed by California state regulators.
Silicon Valley Bank was rumored to be in a sale process to protect its depositors.
Now, it's the second biggest banking failure in US history.
All because of a secular bet against rising rates:
Silicon Valley Bank was rumored to be in a sale process to protect its depositors.
Now, it's the second biggest banking failure in US history.
All because of a secular bet against rising rates:
Mentions
See All
Trung Phan @TrungTPhan
·
Mar 10, 2023
Deep dive thread on topic from Jon
Frances Coppola @Frances_Coppola
·
Mar 11, 2023
Key point from a really good thread on #SVB. I would add that the reason why SVB tried to restructure its balance sheet when it did was the collapse of Silvergate Bank, and the reason why that caused a disastrous bank run was also the collapse of Silvergate Bank.