Silicon Valley Bank Implodes: Talking with Alexander Yokum, with CFRA Research
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Silicon Valley Bank, the 16th largest bank in the US, collapsed on Friday and its assets were transferred to the FDIC. Market fears for contagion are of concern, since 95% of SVB's deposits exceeded the $250,000 limit. Will a large bank acquire the remains of SVB to keep all depositors whole ? And what about the ripple effects on the tech economy which is already contracting ?
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