Birdwatch Note Rating
2023-03-18 03:17:59 UTC - HELPFUL
Rated by Participant: 767A25099EA0897CBDF690092195163EEB1A81438144281406526375119992F3
Participant Details
Original Note:
Silicon Valley Bank invested it's customers deposits in low interest U.S. Treasury bonds yielding it an average 1.79%, far below the current yield of bonds around 3.9% due to interest rate hikes causing SVB to recognize a 1.8 billion loss due to inflation the bank failed. https://amp-theguardian-com.cdn.ampproject.org/v/s/amp.theguardian.com/us-news/2023/mar/10/silicon-valley-bank-collapse-explainer?amp_gsa=1&_js_v=a9&usqp=mq331AQIUAKwASCAAgM%3D#amp_ct=1678630571650&_tf=From%20%251%24s&aoh=16786299392955&referrer=https%3A%2F%2Fwww.google.com&share=https%3A%2F%2Fwww.theguardian.com%2Fus-news%2F2023%2Fmar%2F10%2Fsilicon-valley-bank-collapse-explainer
All Note Details