On Friday, March 10, 2023, Silicon Valley Bank (SVB) failed after a bank run, marking the second-largest bank failure in United States history and the largest since the 2007–2008 financial crisis. It was one of three March 2023 United States bank failures.
Joe Curry and Kate Wilson break down what the failure of Silicon Valley Bank means for investors.
We cover some of the specifics and what this means for the investor:
Learn specifically what happened and caused the collapse.
What the collapse means for Silicon Valley Bank depositors.
Do we need to worry about this?
Is there anything that investors specifically need to worry about?
*Matthews + Associates of ACPI is a trade name of Aligned Capital Partners Inc. (ACPI)* – if applicable ACPI is regulated by the Investment Industry Regulatory Organization of Canada (www.iiroc.ca) and a Member of the Canadian Investor Protection Fund (www.cipf.ca). Joseph Curry is registered to advise in (securities and/or mutual funds) to clients residing in Ontario.
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