Silicon Valley Bank

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Silicon Valley Bank (SVB) collapse - Another bank failure, lessons not learnt

2023-Mar-13

The ghosts of 2008 banking system failure appeared once again to the US financial system. Friday, 10th of March was the day that Silicon Valley Bank (SVB) collapsed, starting another domino at the Financial Markets. The bank was mostly known for its close relationships with the high-tech industry and especially technology startups and venture capital firms.