What might have been the start of a catastrophic bank run after the Silicon Valley Bank failure has been stopped for now. But tech firms and start-ups that had assets at the bank could still feel a squeeze.
What might have been the start of a catastrophic bank run after the Silicon Valley Bank failure has been stopped for now. But tech firms and start-ups that had assets at the bank could still feel a squeeze.
Silicon Valley Bank debacle: The Federal Deposit Insurance Corporation (FDIC) has taken control of the lender.SVB chief Greg Becker sold $3.6 million of the company stock under a trading plan on 27 February