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BBCNEWS BBC World News America June 4, 2024 21:02:00 - Vimarsana News

BBCNEWS BBC World News America June 4, 2024 21:02:00

When you need them. small businesses who deposit their money will be safe in knowing they can pay their workers and pay their bills. hard—working employees can breathe easy as well. let's take a look at why silicon valley bank collapsed. until last friday it was the 16th largest bank in the us, worth more than 200 billion dollars. the bank was heavily invested in us government bonds, which lost significant value due to rising interest rates. many of the bank's customers started drawing on their deposits in the face of worsening economic conditions. svb didn't have enough cash on hand, and so...

BBCNEWS Outside Source June 4, 2024 19:04:00 - Vimarsana News

BBCNEWS Outside Source June 4, 2024 19:04:00

Talking us through that. the - right now. thank you michelle for| talking us through that. the show with those ongoing concerns. let's take a look at why silicon valley bank collapsed. until last friday it was a 60 largest bank in the us worth more than $200 billion. if frank was was heavily invested in us government bonds which lost significant value due to interest rates. us customer started drawing on deposits and spv didn't have enough cash on hand and it started selling some of its bonds at steeper losses, spooking investors. it took just 48 hours from the time it disclose it so that the ...