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💸 What exactly happened with Silicon Valley Bank?

How does this collapse differ from what happened to the Lehman Brothers bankruptcy?

How do banks actually make money?

Silicon Valley Bank (SVB), which held $200 billion worth of deposits, collapsed, sending shockwaves through the industry.

Banking regulators shut down SVB after the bank's valuation collapsed, resulting in the second-largest bank failure in US history after Lehman Brothers. 

With the help of the government and private sector, the focus was on containing the contagion and ensuring that businesses could stay afloat.

In this episode, we’ll look at what happened at SVB over the past few months, the investment choices the bank made and the impact of the rise in interest rates that had led to deposit withdrawals and a loss of capital.

The Wallet is hosted by Emilie Bellet - founder of Vestpod (a platform that helps women to save and invest more and provides money resources to financially empower women) and author of You’re Not Broke, You’re Pre-Rich.

Vestpod:

Bootcamp: https://www.vestpod.com/bootcamp

IG https://www.instagram.com/vestpod/ 

FB https://www.facebook.com/vestpod 

Website https://www.vestpod.com/  

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At Vestpod, we are launching cohort 2 of our investing bootcamp next month on April 3rd. You will find the information on our landing page: https://www.vestpod.com/investingbootcamp

If you'd like to join, here is a £20 early booking discount: EARLY20

*We are not certified financial advisers. The information made available on this podcast is for educational purposes only and does not constitute financial advice.*

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