Market Review and Trends
Silicon Valley Bank Collapse Explained: Will Silicon Valley Bank Affect Singapore?
By Seedly  •  March 14, 2023
If you have been reading the news lately, you might have seen headlines about Silicon Valley Bank (SVB) and YouTube videos with dramatic clickbaity thumbnails: Source: Robert Reich and Graham Stephan | YouTube You might think that the end is nigh, and we might see another collapse like the 2008 Global Financial Crisis again. But if you want the truth about what’s really going on. Read on to find out. What Happened to Silicon Valley Bank For context, a bank run happens when a large number of depositors withdraw their money simultaneously from a bank due to concerns that the bank might become insolvent. As more and more people withdraw their funds, the bank’s cash reserves diminish, and it may ultimately become unable to repay its depositors. Bank runs have occurred in the past, including during the Great Depression and the 2008-09 financial crisis. The Federal Deposit Insurance Corporation (FDIC) was created in 1933 as a response to...
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By Seedly
Launched in 2016, Seedly helps users make smarter financial decisions with its budgeting app which allows its 40,000 users to sync up their financial accounts and better manage their cash-flow. Last year, we introduced a new community feature which allows users to crowdsource knowledge from peers before making a financial decision.

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