Silicon Valley Bank Fallout
Curated byThe Tech Desk
On Friday, the biggest bank collapse since the 2008 financial crisis left tech companies scrambling to find a way to continue operations. In a last-minute rescue on Sunday, U.S. regulators averted an economic catastrophe and guaranteed all funds with the failed bank would be restored, despite only up to $250K deposits being insured. Here's everything you need to know, from what led to SVB's failure, to the impact on businesses and how it all compares to the '08 banking crisis.