Silicon Valley Bank collapse after a run on deposits

Listener survey: https://forms.gle/KsXWNff3mLXmZu7DAThe survey only takes a few minutes but we'll choose one lucky winner at random to win two signed copies of Emilie's book! We really appreciate your feedback on the podcast.💸 What exactly happened with Silicon Valley Bank?How does this collapse differ from what happened to the Lehman Brothers bankruptcy?How do banks actually make money?Silicon Valley Bank (SVB), which held $200 billion worth of deposits, collapsed, sending shockwaves through the industry.Banking regulators shut down SVB after the bank's valuation collapsed, resulting in the second-largest bank failure in US history after Lehman Brothers. With the help of the government and private sector, the focus was on containing the contagion and ensuring that businesses could stay afloat.In this episode, we’ll look at what happened at SVB over the past few months, the investment choices the bank made and the impact of the rise in interest rates that had led to deposit withdrawals and a loss of capital.The Wallet is hosted by Emilie Bellet - founder of Vestpod (a platform that helps women to save and invest more and provides money resources to financially empower women) and author of You’re Not Broke, You’re Pre-Rich.Vestpod:Bootcamp: https://www.vestpod.com/bootcampIG https://www.instagram.com/vestpod/ FB https://www.facebook.com/vestpod Website https://www.vestpod.com/  AD | Wealthify makes investing simple by managing your investments for you – and they’re offering you the chance to get an extra £50 on them! Simply open a Plan at www.wealthify.com/thewallet and invest at least £50, then after 12 months of investing, they’ll pay £50 into your Plan. (T&Cs apply. New customers only. Offer available to the first 500 qualifying customers. Claim the offer and invest by 30th June 2023). With investing your capital is at risk and you could get back less than you put in. Wealthify is authorised and regulated by the Financial Conduct Authority.At Vestpod, we are launching cohort 2 of our investing bootcamp next month on April 3rd. You will find the information on our landing page: https://www.vestpod.com/investingbootcampIf you'd like to join, here is a £20 early booking discount: EARLY20*We are not certified financial advisers. The information made available on this podcast is for educational purposes only and does not constitute financial advice.* Hosted on Acast. See acast.com/privacy for more information.