Silicon Valley Bank (SVB) meltdown caused the largest bank failure in the US since the 2008 financial crisis and the second-largest in U.S. history. Reuters reported that 89% of its US$175 billion in deposit liabilities were not covered by federal deposit insurance.
The collapse of Silicon Valley Bank has caused a ripple effect across the tech sector. Cash reserves of many startups were were held by SVB. There are many Armenian startups who also impacted by this situation.
https://t.me/threenstartups
#svb #meltdown
The collapse of Silicon Valley Bank has caused a ripple effect across the tech sector. Cash reserves of many startups were were held by SVB. There are many Armenian startups who also impacted by this situation.
https://t.me/threenstartups
#svb #meltdown
Comments
Be the first to add a comment
Log in to comment