Becoming – Why Did Silicon Valley Bank Collapse and What Does It Mean to the Economy
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Description
Becoming – Why Did Silicon Valley Bank Collapse and What Does It Mean to the Economy In this episode of Becoming with Angelina Watkins, she discusses why Silicon Valley Bank...
show moreIn this episode of Becoming with Angelina Watkins, she discusses why Silicon Valley Bank collapsed and what does it mean to the economy.
Silicon Valley Bank was a regional bank and the 16th largest bank in the company. At the beginning of March, 2023 the bank collapsed due to 2 reasons: 1) Diversification of its customer type and investments, and 2) bank run.
Silicon Valley Bank specialized in financing and banking for mostly technology companies. The tech sector has been experiencing a decline and have been having mass layoffs. That means less revenue to cover expenses and larger withdrawals to meet payroll and pay bills. They also made bad investment choices by investing in long-term US Treasury bonds that tied up the money and made them unable to cover deposits.
Does the collapse of Silicon Valley Bank signal a plummeting economy? What does this mean for the economy and the consumer? Watch to find out what you need to know and what this all means for you.
Episode Outline
[00:00] A sneak peak into the episode
[01:04] Music intro
[01:12] Introduction
[02:49] Silicon Valley Bank collapse
[04:12] Diversification
[05:02] Bonds and loans
[08:00] Bank Runs
[08:49] FDIC insures deposits
[10:54] No bailout
[11:47] Diversify your investments
[12:38] What does this mean to the economy?
[14:55] Recession proof your income
[16:13] Closing
Where you are is not where you have to be. Your past does not define you, YOU define you.
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PODCAST MUSIC
Intro/Outro Music Title: So Magnificent
Artist: IG @ https://www.instagram.com/cgreenblues/
Information
Author | Angelina Watkins |
Organization | Angelina Watkins |
Website | - |
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