
The collapse of Silicon Valley Bank (SVB) isn’t good news for anyone. Bank collapses portend wider threats to the economy – the Great Depression is one such example – particularly when they derive from an eroding capital base resulting from the Federal Reserve raising interest rates to battle inflation. It is estimated that more than 50% of venture-backed companies used Santa Clara, California-headquartered SVB as their depository and financing institution. Wealth management, currency hedges, stock placements, you name it: SVB was the… Read more.