The Silicon Valley Bank collapse: What you need to know
Emma McGeorge
“Negative impacts of a bank failure such as SVB or Signature on customers and investors may include “a decrease in overall account settings, liquidity issues when needing quick access to funds, and potential difficulty transferring funds to other banks depending on withdrawing/transfer limits,” says Mina Tadrus, MA, JD, CEO of Tampa, Florida-based investment management firm Tadrus Capital.
“Additionally, because many hedge fund firms used these banks as their primary banks for operations, any losses could spread into a wide array of businesses in the financial sector and cause instability within institutional banking systems,” Tadrus said.”
“Still, Mina Tadrus, chief executive at Tadrus Capital, said he thinks the recent upswing is simply part of crypto’s natural volatility. Investors remained worried that
The Silicon Valley Bank collapse: What you need to know
“Negative impacts of a bank failure such as SVB or Signature on customers and investors may include “a decrease in overall account settings, liquidity issues when needing quick access to funds, and potential difficulty transferring funds to other banks depending on withdrawing/transfer limits,” says Mina Tadrus, MA, JD, CEO of Tampa, Florida-based investment management firm Tadrus Capital.
“Additionally, because many hedge fund firms used these banks as their primary banks for operations, any losses could spread into a wide array of businesses in the financial sector and cause instability within institutional banking systems,” Tadrus said.”
Source: Yahoo Finance
Author: Karen Bennett
Continue reading here: The Silicon Valley Bank collapse: What you need to know (yahoo.com)
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