Silicon Valley Bank goes bankrupt – Is this Lehman Brothers 2.0?

As many of you may have known by now, this week saw the closing of not one but two US banks. The first was crypto bank Silvergate. The shut down of Silvergate Bank has been talked about for a while now, so it doesn’t come as that big of a surprise. Most of the impacts will likely be contained to crypto itself, and the case of FTX showed that you can have contagion in crypto without it spreading to broader financial markets. But the second, far more important bank is Silicon Valley bank. Most of the silicon valley startups bank with Silicon Valley Bank, which makes this a much bigger story. I’m seeing a lot of alarmist takes out there on how this is Lehman 2.0, and how contagion is going to spread next week. As always – the truth is much more…

Author: jeserje

Leave a Reply

Your email address will not be published. Required fields are marked *