Should you sell your US banks?
By Dr Wealth  •  March 13, 2023
By now, it is probably known to everyone that Silicon Valley Bank (NASDAQ: SIVB) has collapsed. Here we look at what happened, whats next and what you should or should not do. Who is Silicon Valley Bank? SIVB is a regional commercial bank based in Santa Clara, California. SIVB works closely with Silicon Valley tech startups. Its expertise is in the tech industry, supporting tech startups through the various stages of growth. 44% of US venture capital backed technology and healthcare IPOs were done through SIVB and many of these companies continue to bank with SIVB. SIVB has a substantial market share in certain tech subsegments such as Consumer Internet, Enterprise Software, Life Science & Healthcare, Fintech, Frontier Tech and Cleantech industries Well known customers include Etsy, Datadog, Crowdstrike, Roblox, Roku, Shopify, Upstart,, Affirm, Payoneer, SoFi, Axsome Therapuetics, Quotient Technology, etc. the list goes on. What happened last week? SIVB collapsed....
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By Dr Wealth
Dr Wealth provides trusted financial education to individuals. We teach researched and actionable investment methods so that our graduates are successful in their investment journey and achieve market-beating returns.

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