Birdwatch Archive

Birdwatch Note Rating

2023-03-14 16:28:19 UTC - HELPFUL

Rated by Participant: 2D1B233312771CF64D6FF1BB1DF87F8C7C778F0E464A448FF9A33150D69CAE7C
Participant Details

Original Note:

The rapid rise in interest rates was the direct cause of the SVB failure. As interest rates rose, SVB depositors pulled out their deposits, causing SVB to sell bonds at a $1.8B loss. Venture Capitalists then encouraged a run on the bank of about $42B in one day. https://www.fastcompany.com/90864027/why-svb-failed-silicon-valley-bank-collapse

All Note Details

Original Tweet

All Information

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