Silicon Valley Bank: A one-off calamity? | March 17, 2023 | Palo Alto Weekly | Palo Alto Online |

Palo Alto Weekly

News - March 17, 2023

Silicon Valley Bank: A one-off calamity?

After last week's failure of the cornerstone bank for the start-up economy, experts weigh in on lasting impacts

by Ben Christopher and Keith Burbank

On Friday morning, March 10, California saw something the country hasn't witnessed since the bad old days of the 2008 financial crisis: The collapse of a major bank.

This story contains 1858 words.

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Reporters Ben Christopher and Keith Burbank write for CalMatters and Bay City News Service, respectively.


Posted by John
a resident of Adobe-Meadow
on Mar 11, 2023 at 2:33 pm

John is a registered user.

If you keep more than a quarter million in ANY bank account, you should familiarize yourself with the term "bail-in" and perhaps look up video of the Nov 2022 FDIC meeting where they acknowledge multiple bank runs are coming this year.

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