These were not the only people to get their money out of SVB in time. Smart move on their part.
I doubt this happened at all.
There would be no way the public would know (yet) for one.
Two, the bank probably couldn’t hold that level of cash in a single demand account if it wanted to under liquidity regulations. They’d have to share the deposit with multiple participating banks.
Just most fortunately getting out before the roof caved in.
And probably contributed in great measure to the failure when it did arrive.
One snowflake does not cause an avalanche, but a billion or so do.
Yet Biden tells us our money is safe......
Or insider information.
Possibly from the CEO, who also sold his shares, and gave bonuses to staff, shortly before the bank's collapse.