The collapse was a "perfect storm" of poor risk management and changing economic tides:
: SVB announced a $1.8 billion loss on asset sales and a plan to raise capital.
: Regulators (FDIC) officially seized the bank. 📉 Why It Happened
: Panic spread on social media, leading to a massive bank run where customers tried to withdraw $42 billion in a single day.
The collapse was a "perfect storm" of poor risk management and changing economic tides:
: SVB announced a $1.8 billion loss on asset sales and a plan to raise capital.
: Regulators (FDIC) officially seized the bank. 📉 Why It Happened
: Panic spread on social media, leading to a massive bank run where customers tried to withdraw $42 billion in a single day.