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The Implosion of Silicon Valley Bank Raises Concerns and Opportunities.

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Source: Seeking Alpha
The Implosion of Silicon Valley Bank Raises Concerns and Opportunities.
Photo: Seeking Alpha
TL;DR

Silicon Valley Bank was a "hedge fund in drag" that went long on mortgage backed securities because they knew their earnings from tech companies would have a bad year, according to banking consultant Chris Whalen. The Federal Deposit Insurance Corp. is reportedly moving towards breaking up the failed lender after being unable to find a suitor for the entire company.

Topics:businessfinance#banking#federal-deposit-insurance-corp#finance#hedge-fund#mortgage-backed-securities#silicon-valley-bank
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  1. Silicon Valley Bank was a hedge fund `in drag,' consultant says  Seeking Alpha
  2. Silicon Valley Bank collapse concerns founders of color  Yahoo News
  3. When trouble hit, Silicon Valley Bank had to sell US government bonds at a loss.  NPR
  4. Catch Up on the Bank Crisis as Markets Take the Weekend Off  Bloomberg
  5. Nick Hedley | Why the Silicon Valley Bank implosion could provide relief to SA | Business  News24

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