Only an idiot would believe it a coincidence that the President of SVD sold all of his stock and pulled all of his assets out of the bank - not fully knowing that the bank was about to collapse.
Regarding the Israeli banks. People have relationships in the business world. Business associates can also be friends. Friends share info between themselves that they would not otherwise share. The old saying is true, "it's not what you know, it's who you know."
You can believe that the Israeli banks and others made the move to get their money out just in time because of their objective analysis and research on the health of SVD - or you can believe they had friends/connections at SVD that convinced them a collapse was imminent.
In either case, what does it matter?
What galls me is that the army of bank regulators whose job is to monitor the health of our banks FAILED. Will any of those people be fired?
With Twitter, you don’t even need friends to get notified. It’s my understanding that the rumor spread like wildfire on social media, which resulted in people picking up their cell phones, logging into an app, and transferring money out of the bank. That’s why the whole thing flipped on a dime. Expect the near future to include strange internet, cell, and electrical blackouts.
That's the history of the executive branch under Biden. Regulatory incompetence.