a thoughtful web.
Good ideas and conversation. No ads, no tracking.   Login or Take a Tour!
comment
user-inactivated  ·  622 days ago  ·  link  ·    ·  parent  ·  post: FDIC Creates a Deposit Insurance National Bank of Santa Clara to Protect Insured Depositors of Silicon Valley Bank

    Pension giant Alecta announced that it was abandoning Handelsbanken and Swedbank to focus on niche US banks.

    Just hours later, tech bank Silicon Valley Bank crashed - and Alecta lost billions of dollars.

    - "It was a bit of bad timing," says Jacob Lapidus, press officer at Alecta.