Silicon Valley Bank shut down by US banking regulators | Financial Times |
add US Stock Market Outlook after Early February 2023 Top
Fact #uscpi #bankfailure #svb #usinflation
Root cause of #SVB #BankFailure was its decision to park $91B of its deposits in long-dated securities such as mortgage bonds and US treasuries at peak of Tech boom. Since then, this investment has lost $15B in value as Fed started to hike up interest rates aggressively to fight #USInflation and bring down #USCPI.
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