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The collapse of Silicon Valley Bank: What you need to know
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#siliconvalleybank #stockmarket #youtube
The Federal Reserve has announced it will review the collapse of Silicon Valley Bank, saying Vice Chair Michael Barr will be leading the investigation. Many investors are now worried about contagion, with several bank stocks falling in Monday's trading. Leaders in Washington ran the gamut as the chaos spread, with Congressman Bryan Steil blaming inflation and California Representative Brad Sherman blaming the rollback of Dodd-Frank. It remains to be seen how these failures will reverberate across the financial system, but many, like Gallatin Group Principal John Popeo have begun speculating about what may be next for SVB and the banking system at large. Yahoo Finance's Seana Smith and Dave Briggs walks viewers through the timeline of Silicon Vally Bank's collapse.Key Video Moments:0:17 About Silicon Valley Bank0:41 How the Bank collapsed1:07 Timeline of collapse
Don't Miss: Valley of Hype: The culture that built Elizabeth Holmes
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About Yahoo Finance:
At Yahoo Finance, you get free stock quotes, up-to-date news, portfolio management resources, international market data, social interaction and mortgage rates that help you manage your financial life.
Yahoo Finance Plus: With a subscription to Yahoo Finance Plus get the tools you need to invest with confidence. Discover new opportunities with expert research and investment ideas backed by technical and fundamental analysis. Optimize your trades with advanced portfolio insights, fundamental analysis, enhanced charting, and more.
Connect with Yahoo Finance:
The Federal Reserve has announced it will review the collapse of Silicon Valley Bank, saying Vice Chair Michael Barr will be leading the investigation. Many investors are now worried about contagion, with several bank stocks falling in Monday's trading. Leaders in Washington ran the gamut as the chaos spread, with Congressman Bryan Steil blaming inflation and California Representative Brad Sherman blaming the rollback of Dodd-Frank. It remains to be seen how these failures will reverberate across the financial system, but many, like Gallatin Group Principal John Popeo have begun speculating about what may be next for SVB and the banking system at large. Yahoo Finance's Seana Smith and Dave Briggs walks viewers through the timeline of Silicon Vally Bank's collapse.Key Video Moments:0:17 About Silicon Valley Bank0:41 How the Bank collapsed1:07 Timeline of collapse
Don't Miss: Valley of Hype: The culture that built Elizabeth Holmes
WATCH HERE:
About Yahoo Finance:
At Yahoo Finance, you get free stock quotes, up-to-date news, portfolio management resources, international market data, social interaction and mortgage rates that help you manage your financial life.
Yahoo Finance Plus: With a subscription to Yahoo Finance Plus get the tools you need to invest with confidence. Discover new opportunities with expert research and investment ideas backed by technical and fundamental analysis. Optimize your trades with advanced portfolio insights, fundamental analysis, enhanced charting, and more.
Connect with Yahoo Finance:
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