Silicon Valley Bank (SVB) collapsed on Friday (10 March 2023). US regulators had put it under the control of the US Federal Deposit Insurance Corporation. If you never heard of Silicon Valley Bank, the bank …
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Tag: Silicon Valley Bank
Silicon Valley Bank, the bank is a startup focused lender whereby they lend money to US technology companies focusing on innovation. As of Q4 2022, the bank held an asset of $212 billion, $74 billion loans and $342 billion client funds.