SVB: Was it the right thing to do? - InvestingChannel

SVB: Was it the right thing to do?

SVB, the 16th largest bank in the US, was shut down by regulators after a “bank run”, meaning a rush of cash withdrawals by customers, which destroyed the flagship institution of startups of all kinds, from digital to fintechs to biotechs. The bank was forced to raise capital after losing $1.8 billi…
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