Regret and blame in Silicon Valley after bank run ...Middle East

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SAN FRANCISCO: The nearly overnight collapse of Silicon Valley Bank has left the US tech scene in shock, wondering how one of its most valued institutions could vanish so suddenly, shunned by the companies that used it most.SVB, like many other niche banks around the world, was a highly specialized lender with specific idiosyncrasies -- and its one-track focus could have been its undoing.“I am so angry. And sad and scared. Just remember, we did this collectively,“ tweeted Nicole Glaros, a startup entrepreneur.“If you did the right thing, and kept your money at SVB, you’re being f’ed,“ she said, using an abbreviated expletive.“If you did the wrong thing, and moved your money, you f’ed thousan

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Last updated : 14 March 2023 clock 04:40 AM

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Regret and blame in Silicon Valley after bank run ...Middle East

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