Explainer: What caused Silicon Valley Bank's failure?
2:19
ReutersReuters
Explainer: What caused Silicon Valley Bank's failure?
SVB Financial Group Inc's shutdown and takeover by banking regulators on Friday can be traced to the U.S. Federal Reserve raising interest rates and souring the risk appetite of investors.
Mar 10, 2023
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33K views · 3K reactions | "Americans can have confidence that the banking system is safe. Your deposits will be there when you need them." President Biden addresses the Silicon Valley Bank collapse: https://on.msnbc.com/3mJUhT4 | MS NOW | Facebook
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33K views · 3K reactions | "Americans can have confidence that the banking system is safe. Your deposits will be there when you need them." President Biden addresses the Silicon Valley Bank collapse: https://on.msnbc.com/3mJUhT4 | MS NOW | Facebook
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