Kimavi's video: News SVB Failed How Silicon Valley Bank Failed Learn in One Minute

# Failed How Silicon Valley Bank Failed? Learn in One Minute How Silicon Valley Bank Failed? Learn in One Minute Silicon Valley Bank, failed on Friday, Mar 10, 2023 It is the the largest US bank to fail since the 2008 financial crisis Nearly $175 billion in customer deposits, came under the control of the FDIC The bank had put customer deposits into long term Treasury bonds and mortgage bonds in order to get a return. When Federal Reserve began raising rates, those holdings became less valuable and were long term, meaning they are less valuable today to potential buyers Customers panicked and had a run on bank, Bank had to sell holdings at a loss to pay back and eventually collapsed. If customers had not panicked the bank would still be alive! Thank you for watchingLearn Fast With Kimavi Please visit Kimavi.Com for one minute videos