What Happened at Silicon Valley Bank?

The FDIC insured bank could not meet withdrawal demands, was taken over by regulators Friday. $62.5 billion in off-balance-sheet loan commitments may have complicated the cash crunch. Insured deposits will be reimbursed by the FDIC. Uninsured depositors will become parties to the coming receivership. SVB Financial Group (NASDAQ: SIVB), looked to the market like a … Continue reading What Happened at Silicon Valley Bank?