Were the seeds of Silicon Valley Bank’s collapse planted by the Federal Reserve’s rapid rate increases?
That is one of the debates ranging online over the weekend.
Also see: Rep. Katie Porter blames rising interest rates for SVB crash, and raises oversight questions “In other words, should they have known all the bond bulls were full of it. And not the bond bulls are mad at them for following their advice,” Bianco said.
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Silicon Valley Bank's UK branch shut down by Bank of EnglandThe Bank of England (BoE) released a statement on Mar. 10 stating that it will be applying to the court to place Silicon Valley Bank UK branch (SVB UK) into a “Bank Insolvency Procedure.' It added that in the interim, the firm will 'stop making payments and deposits.'
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