Silicon Valley Bank (SVB) failure drives tech valuations down despite full guarantees
Avatar for Martijn Hoogeveen
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March 13, 2023

Silicon Valley Bank (SVB), a big lender in the thriving Californian tech startup community, is in default. The Federal Deposit Insurance Corporation (FDIC) took control of the bank’s $175 billion in customer deposits on Friday. And the Treasury, Fed and…

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