Silicon Valley Bank Collapse.
13 Mar 2023, 13:52
Silicon Valley Bank Collapse
On Friday, Silicon Valley Bank, a lender to some of the biggest names in the technology world, became the largest bank to fail since the 2008 financial crisis.
Silicon Valley Bank provided banking services to nearly half of the country’s venture capital-backed technology and life-science companies, according to its website, and to over 2,500 venture capital firms. Its swift collapse has sent shock waves through the tech industry, Wall Street and Washington.
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