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A comment on Investor Mark Suster says a “handful” of bad actors in VC destroyed SVB. Parent comment

Re:Investor Mark Suster says a “handful” of bad actors in VC... by xiphias2 on Monday March 13, 2023 @02:35PM (#35140321)
What you are describing is called a narrow bank, and it exists in Norway.

There were people trying to create narrow banks, but they were rejected by regulators, because ,,everybody would take their money out of current banks and put it there’’.

Also there is one narrow bank in Norway, if you have at least $50M, maybe big companies should think about voting with their wallets.

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Re:Investor Mark Suster says a “handful” of bad actors in VC... by trompetenaccoun on Monday March 13, 2023 @08:45PM (#35145638)
Very interesting, thanks for the info! I wasn't aware a narrow bank already existed. And apparently the Norwegian financial system has not collapsed :)
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