The run on Silicon Valley Bank (SVB) was not your average bank run; it was so fast, it shocked even the most seasoned regulators as depositors siphoned $42 billon from the bank in just hours, leaving the firm with a negative cash balance of $958 million on March 9.
This is a very large group of connected depositors, concentrated group of connected depositors, in a very, very fast run, faster than…
Read more at foxbusiness.com: Silicon Valley Bank’s rapid withdrawals, management missteps created perfect storm