As you have likely heard, the Silicon Valley Bank collapsed on Friday, March 10th, 2023, after a bank run- marking the largest bank failure in the U.S. in over a decade. With a lot of fear surrounding this topic, we are here to focus on the facts and give you a better understanding of what we know today.
Here's some of what we discuss in this episode:
What we know about the Silicon Valley bank failure right now (2:57)
Unpacking why this SVB crisis happened and what sparked the bank run panic. (11:05)
The five keys points you want to keep in mind before panicking about this event. (17:48)
While there is a lot of fear and panic instilled by the media right now, it is rare to go a year without a new bank failure.(20:30)
Two important questions to help you evaluate what you hear in the media (22:17)
Read Mike Sorrentino's rundown of the SVB collapse: