Tech bank’s ‘train wreck:’ What’s collapse of Silicon Valley Bank really mean?
RESEARCH TRIANGLE PARK – CNN reported that the collapse of Silicon Valley Bank created a wave of fear across the tech sector on Thursday and Friday since technology firms and startups are its primary customers. There’s been talk as well that SVB – which was seized by regulators on Friday – could trigger a wave of bad news for many other banks. But is this more hype than reality? Could SVB’s failure burst tech’s bubble?