Silicon Valley Banking Spinoffs | Flipboard


The biggest banking meltdown since the 2008 financial crisis on Friday left tech companies scrambling to find a way to keep businesses going. In a last-minute bailout on Sunday, U.S. regulators averted economic disaster and ensured that all of the failed bank’s funds would be restored, though only $250,000 in deposits were insured. Here’s everything you need to know, from what led to SVB’s failure, to the impact on business and how it all compares to the 2008 banking crisis.

Leave a Comment

Your email address will not be published. Required fields are marked *

Scroll to Top