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What Happened To Silicon Valley Bank?


Wow. What a weekend, what a time to be alive, what anticipation as retail awaits the unknown going into this week with CPI dropping tomorrow on top of everything else.


Why and how did Silicon Valley Bank collapse?


SVB was the second largest bank to fail since 2008, and was the preferred bank of start-ups and Venture Cap backed organizations across the country.


In a nutshell, SVB got too many large deposits, caught holding the bag with higher interest rates, and couldn't afford it anymore.


They took the money they got from VC's and start-ups and bought Treasury Bonds, when the economy and interest rates started rising, things started to get much tighter than they ever expected.

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