SVB’s 44-hour collapse was rooted in treasury bets during pandemic
SVB’s collapse into Federal Deposit Insurance Corp. receivership came suddenly on Friday, following a frenetic 44 hours in which the bank's long-established customer base of tech startups yanked deposits. But its fate had been sealed years ago — during the height of the financial mania that swept across America when the pandemic hit.
Disclaimer : Mytimesnow (MTN) lets you explore worldwide viral news just by analyzing social media trends. Tap read more at source for full news. The inclusion of any links does not necessarily imply any endorsement of the views expressed within them.
