The collapse of Silicon Valley Bank was preceded by messages from well-known investors about the bank’s bad situation, which led to the emergence of deposit flight. One of the reasons for the collapse of the California-based Silicon Valley Bank (SVB) seems to be the panicked discussion on social media. CNN reported on the matter. According to the bank’s official release, SVB’s customers withdrew more than USD 42 billion from the bank during the day, leaving the bank’s own funds at zero billion.
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