Let’s talk about the whole story of Silicon Valley Bank in the United States plummeting 60% overnight. Due to previous monetary easing, Silicon Valley Bank's deposits surged from US$76 billion to US$190 billion in one and a half years. So Silicon Valley Bank wanted to earn some steady returns and converted the money into longer-term treasury bonds and Mortgage-backed bonds. The market is not good this year, and depositors come to withdraw money. As a result, the bank does not have enough money to give to users, because Silicon Valley Bank has not set aside so many deposits to maintain liquidity. On one side, startups want to withdraw money, and on the other side, they have invested money that has not yet matured. bonds,

After thinking about it, he announced his decision to sell off US$21 billion in bonds, but this would result in a loss of US$1.8 billion. In order to make up for this part of the loss, it issued shares to raise US$2.25 billion to make up for the shortfall, which caused a plunge of 60% overnight. It is now suspended. I hope it will not be the next Lehman Brothers.