Silicon Valley Bank was the second biggest bank failure in the history of bank failures. Customers withdrew $42 billion in a single day, on the very day that a bank run rumor circulated through email, Twitter, and WhatsApp. SVB was shut down on Friday.
Qubit: SVB 2nd Biggest Bank Failure
Qubit: SVB 2nd Biggest Bank Failure
Qubit: SVB 2nd Biggest Bank Failure
Silicon Valley Bank was the second biggest bank failure in the history of bank failures. Customers withdrew $42 billion in a single day, on the very day that a bank run rumor circulated through email, Twitter, and WhatsApp. SVB was shut down on Friday.