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Silicon Valley Bank collapse forces venture firms to review banking deals
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fnlondon.comStartup founders and investors breathed a collective sigh of relief after the federal government agreed to backstop deposits at Silicon Valley Bank, but they said the lender’s collapse would drive changes in the industry’s financial practices.
The decision, announced 12 March afternoon California time, ended a frenzied multiday race to shore up cash and meet payroll needs. The government move surprised many in the industry, which was bracing for a delay of weeks and even months before depositors would get full access to their...
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Silicon Valley Bank: inquiries launched into bank’s collapse and UK arm theguardian.com /1 year ago
Australia’s record run of interest rate rises more likely to end after Silicon Valley Bank collapse theguardian.com /1 year ago
US Fed faces internal probe over Silicon Valley Bank failure cointelegraph.com /1 year ago
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