Mar 2023 newsletter
Bạn có thể đọc bài này bằng tiếng Việt ở đây. Hi, Spring has sprung with a lot of flowers blooming early everywhere. However, a lot of people have been shaken by the news of the bank collapse since the beginning of March. Silicon Valley Bank (SVB) was ordered to shut down on March 10, days after being featured as Forbes' 20th of the top 100 America's Best Banks 2023. Crypto banks like Signature Bank and Silvergate Capital also collapsed in about one week. However, SVB is mentioned a lot in recent news because: - SVB executives sold millions of shares before the collapse . - SVB operated without an official Chief Risk Officer for 8 months during a difficult transition in the venture capital market. - SVB executive was the Lehman Brothers CFO before the 2008 collapse . - The bank's business was concentrated heavily on startups financed by venture capitalists , which is extremely risky itself. Source But the craziest thing SVB did was it invested billions of dollars int...