#banking industry, with banks such as Silicon Valley Bank (SVB), Silvergate and Signature #shutting down operations.
TipMeACoffeebeta
#shutting
However, prior to #shutting down, SVB was reportedly on the edge of collapse due to severe liquidity troubles relating to major losses on government bond #investments and withdrawals by spooked depositors.
The fund's #CEO and CIO Sylvia Jablonski told #Bloomberg News it was #shutting down because it had failed to #attract assets
Ask TipMeACoffee AI
Latest on TipMeACoffee AI
More AI Answers