Silicon Valley Bank’s collapse: everything you need to know (in 5 minutes!)

The US has seen its largest banking failure since 2008 with the collapse of Silicon Valley Bank - the main bank for mature, funded startups globally.

 

The US Congress has promised to make all Silicon Valley Bank customers ‘whole’, meaning none of them will lose a cent after its collapse.

 

The collapse of SVB has caused waves all over the world - including in Australia - and this could create a lasting impact for both businesses startups and banks.

 

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