Nishu Kumari is the Founder of the website www.gigconnects.in. She is a third year law student at Faculty of Law, Delhi University.

The Immediate Failure of SVB Bank (Silicon Valley Bank)

t is considered to be one of the worst Bank Shutdown after 2008 Crisis. The FED was increasing interest rates post Covid 19 Pandemic to counter inflation. Nobody thought that it will lead to failure of one of the largest Bank of US. The HIGH Rates constrained the Tech Companies to raise funds further. The Higher Rates reduced the value of treasury and other securities which SVB Bank needed to pay the Depositors.