Quote:
Originally Posted by GordonBlue
not sure where else to put this.
Silicon Valley Bank collapses after failing to raise capital
https://www.cnn.com/2023/03/10/inves...ank/index.html
Silicon Valley Bank collapsed Friday morning after a stunning 48 hours in which its capital crisis set off fears of a meltdown across the banking industry.
While relatively unknown outside of Silicon Valley, SVB was among the top 20 American commercial banks, with $209 billion in total assets at the end of last year, according to the FDIC.
But SVB catered primarily to to higher-risk tech startups that have recently been hurt by higher interest rates and dwindling venture capital. |
It will be interesting to see who all has exposure to this. I just saw this article about Roku, and it's going to hurt.
https://deadline.com/2023/03/roku-ca...ng-1235285439/