FDIC Takes over Silicon Valley Bank

Re:FDIC Takes over Silicon Valley Bank by tbarbugli on Friday March 10, 2023 @05:01PM (#35101782)

Dumb question perhaps: why only SVB crashed? I imagine all banks in US had an influx on money deposited in the same period as SVB

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Re:FDIC Takes over Silicon Valley Bank by b0tch7 on Friday March 10, 2023 @09:47PM (#35104624)

Good q, wondering the same..

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Re:FDIC Takes over Silicon Valley Bank by DonsDiscountGas on Friday March 10, 2023 @11:03PM (#35105166)

Presumably they did a better job managing liquidity risk. Or maybe the recent tech downturn has disproportionately affected startups, so a bank for startups would have issues.

Then again, you never know what tomorrow/next week/next month will bring. It may not only be SVB, it may be that they just happened to be first.

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