Silicon Valley Bank Employee Blames Person for Bank’s Collapse

  • March 14, 2023
  • Silicon Valley Bank (SVB) leadership announced to raise $2.25 billion in capital and $21 billion in asset sales.
  • The news led to tech startups withdrawing $42 billion on Thursday.
  • This left the bank with a negative cash balance of $985 million.
  • An SVB employee blamed a person for the collapse.
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[Via]

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