‘The SVB collapse almost damaged the trust level in Silicon Valley’

The collapse of Silicon Valley Bank (SVB) — a unique startup-oriented bank — last week caused nervousness globally. There was a panic among startups, VCs and fund managers that have exposure to the SVB. However, the intervention of the US government and the FDIC (Federal Deposit Insurance Corporation) averted a major crisis. The FDIC announced that all depositors […] The post ‘The SVB collapse almost damaged the trust level in Silicon Valley’ appeared first on e27.