Silicon Valley Bank and the Future of Money and Banking
ericblankenburg.substack.com
The news yesterday that Silicon Valley Bank failed has sent shivers throughout the financial community. This is the second largest bank failure in U.S. history. Trading of their stock was halted after the price plummeted from $266 to $39 a share. The FDIC also suspended the bank’s operations, preventing depositors from withdrawing their money.
Silicon Valley Bank and the Future of Money and Banking
Silicon Valley Bank and the Future of Money…
Silicon Valley Bank and the Future of Money and Banking
The news yesterday that Silicon Valley Bank failed has sent shivers throughout the financial community. This is the second largest bank failure in U.S. history. Trading of their stock was halted after the price plummeted from $266 to $39 a share. The FDIC also suspended the bank’s operations, preventing depositors from withdrawing their money.