Hi, as I’m sure as many of you have heard the Silicon Valley Bank in the US has seemingly failed, and the deposits of it’s creditors (primarily tech startups) are potentially under threat. I was wondering will this affect Trading 212?
I have no idea if Trading 212 had deposits with them, or if potentially whoever they do have deposits with could be in turn effected in a credit event resulting from SVB’s failure. Does anyone know the answer to this question?
Why would T212 have deposits at a small low tier US VC bank? Or any of the other 1000s small US banks?
Edit: now if that were to provoke a more general collapse of the bond market with some other liquidity crunch on higher tier investment banks, forcing bigger liquidation of HTM assets and failure of hundred countless other banks, well then maybe T212 could be affected too.