Credit: lucadp/Adobe Stock Inside Track: What SVB's Collapse Should Tell Us About Risk
"Behind the fancy facade, depositors never really know how safe their money is, and when fear starts to spread, depositors run to get their money out," London School of Economics' Jon Danielsson, Robert Macrae and Nikola Tchouparov wrote this week.
March 16, 2023 at 03:56 PM
5 minute read
The original version of this story was published on Law.com
Silicon Valley Bank failed with breathtaking speed, basically over just 48 hours, not for a reason that became familiar during the 2008 financial crisis (lax lending standards) but for a simpler one: Its customers simply lost faith in it.
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