What Is SVB and Does It Pose a Risk to Your Portfolio?

Silicon Valley Bank (SVB) sold most of its assets and plans to raise $2 billion. It specializes in venture capital funding and works with nearly half of VC-backed startups in the US. Invest in what's cheap and what you understand, hold a bit of gold for scary moments.

March 11, 2023 . 6:37 PM

1 min read

Silicon Valley Bank (SVB) sold most of its assets and plans to raise $2 billion.
SVB specializes in venture capital funding and works with nearly half of VC-backed startups in the US.
SVB's problems are worsened by the liquidity needs of its clientele and the jump in interest rates.
The wider US banking sector should be fine, but it is unknown how many other entities with tendrils in this sector face similar problems.
Invest in what's cheap and what you understand, hold a bit of gold for scary moments.