The Silicon Valley Bank just collapsed.
Silicon Valley Bank ($SIVB) was the 18th largest bank in the U.S. They did business with 50% of all US VC-backed startups while their deposits tripled from 2019-2021.
SVB was named one of America’s Best Banks by Forbes just 3 days before everything exploded.
In a nutshell, they had a massive influx of deposits, which they had to invest. However, SVB didn’t have the capacity to make loans at the same rate as the deposit inflow.
SVB decided to purchase more than $80 BILLION worth of mortgage-backed securities. 97% of those had a 10+ year duration with a weighted average yield of only 1.56%.
In the meantime, rates skyrocketed…
Watch the rest to find out what happened and how this will affect you and your money.
This is a value-packed presentation so stay until the end and share it with a friend!
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ABOUT ME 👇
My mission is to provide my viewers with actionable content that enables them to create financial wealth. My videos reflect my real-world experience as a real estate investor, stock market investor, student of finance, and entrepreneur.
This channel allows me to share my passion for personal finance, stock market investing, real estate investing, and entrepreneurship. I produce content that I would want to watch, and because of that, I give 100% effort to every video that I make. I also believe in complete transparency and open communication with my audience.
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