And the contagion just went international.
Looks like SVB is 2nd biggest US bank ever to collapse.
So is this contagion spreading to Europe?
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Already has. UK unit of SVB is being placed into ‘bank insolvency’ procedure.
Wow, so they are international. Im reading the FDIC is calming customers, saying they get their money on Mon. Interesting to see if theres a bank run next wk.✌️
