The Multiple Factors Leading to the Collapse of Silicon Valley Bank
Erwood Group
MARCH 30, 2023
Some additional key risk reduction steps SVB took early on were: They required a pledge of half of a startup’s shares as collateral (Reduced later to seven percent). Additionally, the head of financial risk management for the UK branch of SVB, Jay Eraspah focused on multiple “woke” LGBTQ+ agendas even as the bank faced collapse.
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