Silicon Valley Bank failed in rapid, stunning fashion Friday.This week, the tech and banking sector are growing skittish about the next shoe to drop.What took place Friday was an old-fashioned bank run: Customers yanked $42 billion from Silicon Valley Bank on Thursday, leaving the bank with $1 billion in negative cash balance, the company said in a regulatory filing.
#back #dramatically #temporarily #regulations #silicon-valley #tech-companies #wall-street #financial-crisis #treasury-secretary-janet-yellen #diversified
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