Q&A: Recent Bank Failures Do Not Mean It’s 2008 All Over Again
UVA Darden
MARCH 20, 2023
Smith: The Silicon Valley Bank, or SVB, invested heavily in relatively “safe” assets, in that the investments had little or no likelihood of default. But the assets wouldn’t pay back for a long time, mostly 10 years or more. The bank also had long-dated assets. Once the run started, the FDIC had to step in and close the bank.
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