From fintech firms to swimwear startups and winemakers, these companies are affected by SVB's collapse.
SVB became insolvent last week due to a run on the bank by its depositors, many of whom are technology and innovation start-ups or wealthy individuals in the technology sphere. This situation has been a long time in the making. During the pandemic, banks experienceda huge influx of deposits...
A customer stands outside of a shuttered Silicon Valley Bank (SVB) headquarters on March 10, 2023 in Santa Clara, California. Silicon Valley Bank was shut down on Friday morning by California regulators and was put in control of the U.S. Federal Depo(Justin Sullivan/Getty Images / Getty Im...
Surprisingly, big banks like JPMorgan seem to be giving the industry a warmer reception in the wake of the recent closures of SVB, Signature, and Silvergate.