SVB, a financial institution that had become the go-to bank for nearly half of all venture-backed tech
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SVB, a financial institution that had become the go-to bank for nearly half of all venture-backed tech startups,failed after a run on its deposits triggered by a series of central bank-endorsed interest rate hikes amid a global inflation surge.
Based on the collapse of SVB, answer the questions that follow:
(i) Why did SVB collapse? Explain the primary causes.
(ii) What does the SVB collapse mean for the financial system in Canada? How does it impact it?
(iii) Due to the collapse of SVB, cryptocurrency has been rising significantly, explain the reasoning behind this.
(iv) What is the learning lesson to other banks based on the collapse of SVB?
Related Book For
Smith and Roberson Business Law
ISBN: 978-0538473637
15th Edition
Authors: Richard A. Mann, Barry S. Roberts
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