Silicon Valley Bank's failure reverberates worldwide
It was called Silicon Valley Bank, but its collapse is causing shockwaves around the world.
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It was called Silicon Valley Bank, but its collapse is causing shockwaves around the world.
From California winemakers to startups across the ocean, companies are scrambling after their bank suddenly shut down.
The meltdown means distress not only for businesses but also for all their workers.
The SVB meltdown means distress not only for businesses but also for all their workers whose paychecks may get tied up in the chaos.
Silicon Valley Bank's customers, investors and bankers are waiting for an announcement from U.S. regulators about what comes next after the federal government refused to bail SVB out.