United States   Tech   Markets   Politics   Business   Science   Memes  









failed silicon valley bank  on March 18, 2023


Balanced News




Sort By:                     

First Republic was rescued by rivals. Silicon Valley Bank was abandoned by its friends. - MarketWatch

business

NEW YORK (AP) — When 11 of the biggest U.S. banks announced their $30 billion rescue package for First Republic Bank this week, those banks, notably, were coming to the rescue of one of their competitors. When Silicon Valley Bank failed, it was because its closest and most loyal customers, venture capitalists and startups, fled the bank at the first sign of trouble.

Market Watch     Mar 18, 2023