SVB Collapse: Legendary Financier Bill Ackman Warns of Massive Bank Runs. The hedge fund manager says that it is likely that Silicon Valley depositors will have access to around 50% of their funds on Monday, but the remaining 50% will not be available for 3-6 months.

Legendary financier Bill Ackman has warned of potential massive bank runs due to the collapse of Silicon Valley Bank (SVB). According to Ackman, depositors of SVB may only have access to around half of their funds on Monday, with the other half not being available for 3-6 months.

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