What happened to SVB, in pictures
Stability is expensive. SVB preferred taxpayers pay for it.
At the beginning of last week, Silicon Valley Bank (SVB) was the 16th largest bank in the country. By the end of the week, it had collapsed into receivership and its deposits transferred to the newly-created, federally-owned Deposit Insurance National Bank of Santa Clara.
Here is how it happened.
Deposits flow in, deposits flow out
Banks generate profits …
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