Worry for tech start-ups after Silicon Valley Bank failure
Some see in the back-to-back failure of two banks an example of the financial system's precariousnes
Stay updated with breaking news from Arjun Sethi. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Some see in the back-to-back failure of two banks an example of the financial system's precariousnes
FDIC takes over Silicon Valley Bank, a major lender of US startups, sparking fears of widespread economic fallout
Silicon Valley Bank's stunning collapse has led to the freezing of tens of billions of dollars stored there by startups and their private equity backers,
The second-largest bank failure in U.S. history rocked the tech industry and sent ripples of anxiety throughout the financial sector Friday as Silicon Valley Bank went from being a key part of the tech ecosystem to collapsing in a matter of hours.
Stablecoin slumped to an all-time low Saturday after Circle, the U.S, firm behind the coin, revealed some of the reserves backing it were held at Silicon Valley Bank.