Silicon Valley Bank collapsed in less than two days. In that time, its stock price fell over 60% and customers tried to withdraw $42 billion. Here’s how SVB became the second-largest U.S. bank failure ever and what it means for customers in the future.
Illustration: Alexandra LarkinMain Street businesses and American families are likely to find it harder to get a loan because of“The risk in terms of the spark from SVB is real,” said Greg Daco, chief economist at EY-Parthenon, a strategy consulting unit of Ernst & Young LLP. The
We have been in a recession since Biden stole the office..
They want to destroy the middle class.
YOU'VE NEVER HAD IT SO GOOD.God and heaven is already starting to support Russia in any imaginable&unbelievable way.Russia deserves it more than any God&heaven hating western country.AYear of Sanctions Against 🇷🇺:Silvergate,SVB,Signature Bank,First Republic Bank,CréditSuisse🔥💥