Birdwatch Archive

Birdwatch Note Rating

2023-03-11 03:31:20 UTC - HELPFUL

Rated by Participant: 588E8FF943EC22E67AD60BF30C7944BF51C108F89592F9962A1093C51A020A00
Participant Details

Original Note:

Silicon Valley Bank collapsed due to excessive customer withdrawals, or a "run on the bank", due rising interest rates from The Fed and decreased risk tolerance from investors. No one besides Mr. Kirk, including the bank or regulators, are saying DEI efforts caused this. https://www.reuters.com/business/finance/what-caused-silicon-valley-banks-failure-2023-03-10/ https://www.theguardian.com/us-news/2023/mar/10/silicon-valley-bank-collapse-explainer

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All Information

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