Why did the Silicon Valley Bank fail? Is this a sign of economic times, or was it due to its narrow client base? Read more here ➡️
The implications of monetary policy tightening and liquidity withdrawal was another factor.
He points out that the Fed moved quickly to limit the contagion from the bank by guaranteeing depositors and announcing a term funding programme to ensure banks and other related institutions can meet their obligations to depositors and manage their liquidity requirements. Andrew Williams, investment director for value equities at Schroders, says the collapse of the bank is certainly concerning for anyone invested in small US banks that have a material bias towards uninsured corporate depositors.
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