Monday March 13, 2023
Early Friday afternoon, the FDIC put Silicon Valley Bank (SIVB) (hereafter SVB) into receivership. SVB was the 16th largest commercial bank with $209 billion in assets as of 12/31/23, but the bank failed after venture capitalists began calling their portfolio companies to move funds. The Bank of England took a similar action placing SVB’s UK subsidiar…
Keep reading with a 7-day free trial
Subscribe to BitDigest to keep reading this post and get 7 days of free access to the full post archives.