Which is the not long ago retired Ray Dalio, weighing in by way of his well-known LinkedIn web site to give his ideas on the collapse of Silicon Valley Bank, or SVB, and the regulatory response.
SVB, whose client foundation was seriously concentrated amongst undertaking-capital startups, was closed by California’s financial institution regulator on Friday, while New York’s Signature Lender was shut down on Sunday — they followed the before closure of Silvergate Capital. Federal regulators late Sunday declared that SVB depositors, together with people with deposits over the…
