"The collapse came after #SVB said it was trying to raise $2.25bn (£1.9bn) to plug a loss caused by the sale of assets, ->-> mainly US government bonds <-<-, which had been affected by higher interest rates."
Discussion
Not your keys, not your coin. —svb
"Silicon Valley Bank would not have lost money if they hadn't run out of cash to give back to their customers," he said. "The issue was that people wanted money and they didn't have it - they had it invested and those investments were down."
