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>>According to the Washington Post, SVB required some of its customers to maintain an exclusive relationship with the bank. Meaning that instead of spreading its cash among multiple banks, the company had all of its money with SVB.<<

As author of "Why Banks Fail," thank you for this overview, Anna. I find it very weird that any business would agree to that provision - and wonder why any would!

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Amy Sterling Casil
Amy Sterling Casil

Written by Amy Sterling Casil

Over 500 million views and 5 million published words, top writer in health and social media. Author of 50 books, former exec, Nebula nominee.

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