Silicon Valley Bank Looks Like Classic Bank Run And Is Down 26% After Hours.
Peter Thiel advises companies to pull money from Silicon Valley Bank.
It’s the 15th largest bank in the U.S by deposits.
Stock down 60% today. Another 26% after hours.
Is this a classic bank run?
— Genevieve Roch-Decter, CFA (@GRDecter) March 10, 2023