3 ms·
SVB was the biggest bank in Silicon Valley (2nd in California), and the 18th largest bank in the entire US. I knew this whole thing was big as I personally kno
by capableweb 4y ago
SVB was the biggest bank in Silicon Valley (2nd in California), and the 18th largest bank in the entire US.
I knew this whole thing was big as I personally know a lot of friends use SVB for their startups, but I failed to realize how big deal this is. How can the 16th biggest bank in the country fail so rapidly?
- mgdev 4y agoInterest rates.
- paulddraper 4y ago> so rapidly? Bank runs are rapid. They wouldn't be runs if they weren't.