Regulators shut down Silicon Valley Bank (SVB) on Friday and seized its deposits(存款) in the largest U.S. banking failure since the 2008 financial crisis and the second-largest ever. Regulators announced the takeover after what was effectively a run on the bank. Worried that SVB wouldn’t be able to meet redemption(赎回) requests, depositors rushed to withdraw their money. It was a collapse that sent shock waves across the banking industry, harming shares of other smaller and regional lenders.
监管机构周五关闭了硅谷银行,并没收了其存款,这是自2008年金融危机以来美国最大的银行倒闭案,也是有史以来第二大银行倒闭案。监管机构宣布收购之前,该银行实际上遭遇了挤兑。由于担心SVB无法满足赎回要求,储户纷纷提款。这一崩溃在整个银行业引发了冲击波,损害了其他规模较小和地区性银行的股价。
▲1._________
▲ 1._________
Based in Santa Clara, Calif., SVB’s clients included venture capital firms and startups, and it became a big player in the tech sector, successfully competing with bigger-name banks. According to Jared Shaw, a senior analyst, SVB were able to provide all the products and services any of these advanced tech companies, would need.” But it remained little known outside of tech circles — until this week.
总部位于加州圣克拉拉的SVB的客户包括风险投资公司和初创公司,它成为了科技领域的一个重要参与者,成功地与知名银行竞争。高级分析师贾里德·肖(Jared Shaw)表示,SVB能够提供这些先进科技公司所需要的所有产品和服务。但在科技圈之外,它仍然鲜为人知——直到本周。
▲2. _________
▲ 2. _________
Silicon Valley’s business boomed as tech companies did well during the COVID pandemic, and SVB had about $174 billion in deposits. But in recent months, many of SVB’s clients had been withdrawing money at a time when the tech sector as a whole has been suffering. SVB said earlier this week, that in order to make good on(兑现) those withdrawals, it had to sell part of its bond holdings at a loss of $1.8 billion. As the Federal Reserve(美联邦储备系统) has greatly raised interest rates, and SVB noted it wanted to cut down its bond portfolio(债券投资组合) to avoid further losses. But that spooked the bank’s clients, who got worried about SVB’s capacity of normal growth and development, and then began to withdraw even more money from the bank — a textbook definition of a bank run.
由于科技公司在新冠肺炎大流行期间表现良好,硅谷的业务蓬勃发展,SVB拥有约1740亿美元的存款。但最近几个月,SVB的许多客户一直在撤资,而此时整个科技行业都在遭受打击。SVB本周早些时候表示,为了兑现这些提款,它不得不出售部分债券,损失高达18亿美元。由于美联储大幅提高了利率,SVB指出,它希望减少其债券投资组合,以避免进一步损失。但这吓坏了银行的客户,他们开始担心SVB的正常增长和发展能力,然后开始从银行提取更多的钱——这就是是银行挤兑的教科书式定义。
▲3. _________
▲ 3. _________
剩余段落暂不支持预览,下载文章即可阅读全文,有任何疑问请您联系客服【18011429143】微信同号。