small business-owners Archives - Marketplace

Silicon Valley Bank Collapse

Bank failures add another dose of anxiety to uncertain economy

by Mitchell Hartman

Mar 13, 2023

Viral terms like "bank run" do not help when we're already looking at high prices, rising interest rates and big layoffs in tech.

People line up outside a Silicon Valley Bank office in Santa Clara, California, on Monday. Worries were stoked by widespread news of bank failures, and some people received alarming emails from vendors associated with SVB.

Justin Sullivan/Getty Images

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