On Friday morning, Silicon Valley Bank (SVB), which helped so many USD tech startups came a sudden bank run, capital crisis, and collapsed, leaving its high-powered customers and investors in limbo, was taken over by federal regulators. Several forces collided to take down the banker. First the Federal Reserve which began raising interest rates a year to tackle inflation which also eroded the value of long-term bonds that SVB and other banks took advantage during the era of ultra-low near-zero interest rates, yielding SVB’s $21billion bond portfolio was yielding  an average 1.79  per cent – the current year Treasury yield … Continue reading Tech bank on the run collpases