The last few days saw the markets (especially in the United States) rattled by the bank collapses of Silicon Valley Bank (SVB) and Silvergate Capital (Silvergate). Both SVB and Silvergate are bona fide banking entities, and their simultaneous downfall within the space of a short time caused the S&P500 index (which SVB was a constituent, emphasis mine) to go down above 3% over the last two days, not to mention the tumbling of major bank stocks such as Bank of America and Citibank. All the major business news networks were having a field day (or two, or three) reporting on this, and there were fears that this event may be 2008/2009, part deux. Being a rationale investor, I needed to know what was going on and had searched the internet to find out what really happened. Below is a point-by-point issues of the event:

• Both banks were experiencing liquidity issues to service customer

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