Birdwatch Note Rating
2023-03-14 13:38:13 UTC - NOT_HELPFUL
Rated by Participant: C0702A877117D2A0146C185CAD7EF9027666D9FE285FFF8B3EC33A43343A57F9
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