Quote:
Originally Posted by nailer
SVB failed because it was no longer competitive in today's market. Why a run on this bank and which will be the next weakling to go belly-up?
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Next one to go belly up was Signature Bank in NY and it seems Zions now is under a lot of pressure.
Lot of the tech companies used this bank with Millions in deposit. Roku (walking distance from us) for one I am told had around $400 Million with SVB and so did a lot of startups.