Description: If you’re wondering why Silicon Valley Bank, one of the biggest lenders to tech start-ups, had to be taken over Friday by the Federal Deposit Insurance Corporation, one good place to look is the Federal Reserve.
Source: Nytimes.com
Date: Mar 10, 2023
Link: https://www.nytimes.com/2023/03/10/opinion/silicon-valley-bank-federal-reserve.html
Questions for discussion:
- Explain the demise at SVB as described in the report?
- What does this mean for other banks?
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