SVB (Silicon Valley Bank) has become a household name, for all the wrong reasons, over the past few days. After a series of missteps, SVB customers went on a bank run, pulling as much money as possible from their accounts before the company went under. And last week, the rug was finally pulled as customers, venture capital firms, and startups realized that no money in reserves was left to take out. This caused a catalyst leading to SVB’s failure—one of the largest bank failures in United States history.
But what was happening behind the scenes that caused such a massive bank to crumble under its own weight? And, if SVB could fail, what’s stopping bigger banks from falling apart in the coming weeks or months? Our go-to data diver, Dave Meyer, read into the full story of SVB’s collapse so you can stay up to date on exactly what’s happening in today’s economy. This story affects EVERY investor, as the ripples from SVB could later be felt across the stock market, real estate market, and the economy as a whole.
What do you think will be the outcome of SVB’s failure? Do you think more banks could be in danger? And how could this affect real estate? Let us know what you think in the comments below. Dave will be back with more market updates next week!
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0:00 Banks Are COLLAPSING
2:22 The "Bank Run" Panic
4:33 SVB's Collapse Explained
11:50 Funds Secured
14:08 Public Hysteria and Panic 3/14/2023, 3:01 PM
Recommended Reading >> bit.ly/32kRpzw
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