What Everyone Ought To Know About WHY SVB COLLAPSED | Finance Dissected

Silicon Valley Bank (SVB), was taken over by federal regulators (FDIC), becoming one of the largest banks to fail since the 2008 Global Financial Crisis. SVB catered to many of the world's most powerful tech investors and was founded in 1983 as a financial services company for technology startups. We explore the reasons behind its collapse, which was due to a combination of the bank's success during the pandemic, investing a large chunk of cash into long-term U.S. government securities, and a contraction in funding for startups. The announcement of a disastrous bond sale led to a bank run, causing the bank's customers to withdraw even more money from the bank. We also examine the aftermath of SVB's collapse and the implications it had for the wider economy. The Biden administration announced that all of SVB’s customers, whether insured or not, would have full access to their deposits, and we discuss the government's actions to prevent another financial crisis. The video concludes by examining the collapse of Signature Bank and San Diego-based Silvergate, which were shut down by regulators over the weekend, making it three bank failures in one week, a frequency not seen since the financial crisis in 2008. First Citizens Bank, a family-run bank in North Carolina that traces its history to the late 1800s, acquired Silicon Valley Bank in a government backed deal. The sale involved the sale of all deposits and loans of SVB to First Citizens Bank and Trust Co., the FDIC said in a statement. Customers of SVB automatically became customers of First Citizens, which is headquartered in Raleigh; with 17 former branches of SVB opening their doors as First Citizens branches. Video Title: What Everyone Ought To Know About WHY SVB COLLAPSED | Finance Dissected This video is about What Everyone Ought To Know About WHY SVB COLLAPSED | Finance Dissected. But It also covers the following topics: Startups and Tech Investors Bonds and Government Securities Venture Funds and Andreessen Horowitz

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