The year 2023 has been marked as a tough year for the global economy, and the collapse of Silicon Valley Bank is predicted to have a significant impact. While the exact consequences of this collapse are uncertain, it is essential to prepare for a potential economic downturn. In this article, …
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From Reddit r/OutOfTheLoop One Redditor wrote: Answer: at an ELI5 level, Silicon Valley Bank (SVB) is a bank that focuses on providing services to startups and entrepreneurs. Many companies use it to hold funds that they receive from venture capitalists. In 2021, the market was soaring and startups were getting …
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Disclaimer: the writer of this post is not a financial advisor. Please seek professional financial advice. Silicon Valley Bank, the largest bank to collapse since the 2008 financial crisis, operated without a chief risk officer for nine months between April 2022 and January 2023. The bank disclosed a $1.8 billion …
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