'SVB assumed depositors would never leave': Finance expert discusses lessons learned from the collapse (podcast)
The Silicon Valley Bank collapse was caused by many factors, including a lack of diversification and a reliance on a single industry.
Silicon Valley Bank, a popular commercial bank among entrepreneurs and startups in the tech industry, had a large portion of its business concentrated in one sector. This was a risky situation. It was still a surprise to the business community when it collapsed on March 10, but it is not surprising. What are the lessons learned now that the dust has settled?
It's a wake-up call for other banks that depositors haven't been sleeping at all. In this podcast, Mark Williams, a master lecturer at Boston University’s Questrom School of Business and expert in finance, said that they are looking at your bank. If you do not manage it appropriately, your depositors will leave just as fast as they arrived.
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What should business owners consider when selecting a bank?
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