Why SVB still matters - and what banks must do now to avoid the next crisis

Why SVB still matters - and what banks must do now to avoid the next crisis

Silicon Valley Bank (SVB) was the third-largest bank failure in US history and dominated the business press in March 2023. Some bank failures resemble a slow-motion car crash. Not SVB. It collapsed in March 2023 in a little over 48 hours. And the reasons for the failure? It was really a classic case of a bank run but with a twist. It was however some bank run-around $42bn or thereby. And the modern twist took the form of client panic, fuelled by…