Home Gadgets Why Did Silicon Valley Bank and Signature Bank Fail So Fast?

Why Did Silicon Valley Bank and Signature Bank Fail So Fast?

37
133783985c6e54575e80736e7ccdfa32
133783985c6e54575e80736e7ccdfa32

Silicon Valley Bank and Signature Bank failed with enormous speed – so quickly that they could be textbook cases of classic bank runs, in which too many depositors withdraw their funds from a bank at the same time. The failures at SVB and Signature were two of the three biggest in U.S. banking history, following the…

Read more…

Source: gizmodo.com