Silicon Valley Bank became the biggest US lender to fail in more than a decade after a tumultuous week that saw an unsuccessful attempt to raise capital and a cash exodus from the tech startups that had fueled the lender’s rise. Regulators stepped in and seized it Friday in a stunning downfall for a lender […]
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- Source: https://bankautomationnews.com/allposts/business-banking/silicon-valley-bank-swiftly-collapses-after-tech-startups-flee/
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