Regret and blame in Silicon Valley after bank run
17 days ago
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.
Read the full story
It's better on the Lumi News app
✅ It’s fast
✅ It’s easy to use
✅ It’s free
Why read with Lumi?
Staying informed is hard work. Use the Lumi News app to get the latest news from publishers you like, in a beautiful app. Save time and find delight in news-reading again.