The collapse of the Silicon Valley Bank (SVB) is part of the dark clouds that herald storms. SVB was the largest bank in the technology world and ranked 16th in the United States (EU) by the size of its stock market value. The bank run that brought it down was withering. Big Tech have been orphaned: SVB described itself as the bank “privileged partner of the innovation economy”. Earlier this month, Forbes magazine awarded it the title of “America’s Best Bank.” It is the largest bank to fail since 2008.
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