SVB’s fall is not a Lehman redux but Washington has a problem4 min read . Updated: 15 Mar 2023, 06:22 AM IST
The bank didn’t suffer loan defaults but was hit by bond losses that many US banks are vulnerable to.
Typically, banks fail or need to be rescued when they end up giving a lot of loans which aren’t repaid. In that sense, the story of Silicon Valley Bank (SVB), the 16th largest in the US, going bust is a lot different.
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