Share this postA bit of light weekend readingjennyhatch.substack.comCopy linkFacebookEmailNoteOtherA bit of light weekend readingBank failure after a run... Jenny Marie HatchMar 11, 2023Share this postA bit of light weekend readingjennyhatch.substack.comCopy linkFacebookEmailNoteOtherShareCustomers withdrew $42 billion in one day…95% of deposits were uninsured…‘Hysteria-induced bank run caused by VCs’…Anecdotes of trying to make payroll… SVB horror stories…FDIC issues statement, 800 Number…Roku — We have $500 million in uninsured deposits at SVB…U.S. Treasury issues statement…Check the 5-year chart on SVB… Traded for $700 per share last year…Worst week for stocks in 10 months…Watch the U.S. debt clock for 10 seconds…Crypto Bank Silvergate also collapsed this week…James Cramer swings and misses on Silicon Valley Bank…Another failure in cramer’s long history…Update — Silicon Valley Bank shut down by FDIC…Tech firms face cash emergency…Biggest bank failure in 15 years… $250,000 FDIC limit… Some accounts have lost millions…Billions pulled out in last 24 hours…PreviousNext