By: Economic & Finance Report
The Silicon Valley Bank fallout is one of the many threatening ripple effects; that will succumb in the tech sector and financial industry this year. A bank shutting down indefinitely by financial regulators; has not been seen in the United States since the 2008 global subprime mortgage crises, which brought down the banking system and everything that associated with it.
The SVB shut down will affect the finances and investments of many smaller venture startups and general businesses, that had deposits and investment accounts held at the institution. The technology sector is already reeling from the effects of the massive layoffs from big tech giants (Meta: META; Twitter; Google: GOOGL, Amazon: AMZN, Zoom: ZM, Yahoo).
This surely will produce shockwaves globally. -SB
Image Credit: Reuters
Silicon Valley Bank fails in largest bank collapse since 2008 crisis | Banking | The Guardian
Why Manufacturing Has Left America!!!!! Follow Up REPLY!!!!! – ECONOMIC AND FINANCE REPORT
This is very interesting, You are an excessively professional blogger.
I have joined your feed and stay up for in search of more of your excellent post.
Additionally, I’ve shared your website in my social networks
Look into my web blog … Webdesign
I visit each day some web pages and sites to read content,
except this blog presents quality based posts.
Thanks for some other magnificent article. The place else may just anyone get that type of info in such a perfect means
of writing? I have a presentation subsequent week, and I am on the
look for such info.