Bank of England puts UK arm of Silicon Valley Bank into resolution

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SVBCrash svb_financial in the following weeks many fintech will be in trouble 😔

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Silicon Valley Bank share slump rocks financial marketsThe four largest US banks, including JP Morgan and Wells Fargo, lost over $50bn of their market value.
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Silicon Valley Bank share slump rocks financial stocksThe four largest US banks lost a total of more than $50bn in market value on Thursday. ...
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Silicon Valley Bank shares halted after steep fall\n\t\t\tExpert insights, analysis and smart data help you cut through the noise to spot trends,\n\t\t\trisks and opportunities.\n\t\t\n\t\tJoin over 300,000 Finance professionals who already subscribe to the FT. Old news welcometothejungle
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Silicon Valley Bank Collapses, Enters FDIC ReceivershipSilicon Valley Bank collapsed into receivership after its long-established customer base of tech startups grew worried and yanked deposits. It will start on a Friday. Is it this Friday? Hahaha unreal
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What does Silicon Valley Bank’s collapse mean for the financial system?The 16th-largest lender in America has gone bust, raising two questions From nytimes Nothing to see here. 🙄🙄🙄
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