When everyone seemed convinced that the prospect of another crisis was extremely remote, the bankruptcy of Silicon Valley Bank, a bank whose notoriety was linked to the financing of tech companies, reawakened all fears that the worst (yet) was to come.
One of the largest banks in Silicon Valley and among the top 20 in the US, Silicon Valley Bank specialized in financing tech companiesPhoto: Nikolas Liepins / AFP / Profimedia
It is the second largest bankruptcy in US banking history and the largest since the 2008 financial crisis. That is why the panic at the end of last week, since the announcement of the collapse was made public, is not inexplicable.
However, experts say that the risk of contagion is low in the American banking system and that a crisis of the size of the one that shook the planet 15 years ago is unlikely.
But there are banks that played dangerously, even following the tightening of banking rules, because they prevailed on all kinds of exceptions. SVB was one of these banks, which also burned when faced with a more serious liquidity crisis.
We try to rewind the timeline of a crisis and put into perspective the effects it produces.
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