What will happen now to Silicon Valley Bank and its clients?

In our latest Trade To Black Podcast we discuss the controversial collapse of the Silicon Valley Bank with Ether Capital (NEO: ETHC) CEO Brian Mosoff to discuss what kind of ripple effect it will have on the crypto industry. Starting from being the 16th largest bank in the U.S down to becoming the second biggest bank failure of all time in less than 48 hours, how will SVB, which has been the most trusted bank of tech companies and investors, change the image of ruled banking? Will it trigger a venture and change the image of cryptocurrencies instead?

The reason for the collapse is because of the $21 billion dollar bond portfolio of the bank, consisting mostly of US treasuries, that have fallen in value as the government-backed bonds adapt in the rising interest rates due to the soaring inflation.

SVB ended up funding their clients' redemptions and sold that portfolio on Wednesday, which led to a Thursday announcement that it would sell $2.25 billion in stock to its funding hole. However, SVB’s shares ended the trading day down 60 percent causing massive bank runs and leaving investors and depositors no access to their funds.

So what’s next for the company, the impacts of the aftermath to different industries, and more importantly, what can investors anticipate moving forward?

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