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What Silicon Valley Bank’s Collapse Means for Your Money
The failure of a prominent bank for tech startups is inciting fears of a 2008 repeat. Experts say not to panic.
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The biggest bank failure since 2008 is stoking fears among everyday investors and savers.
Silicon Valley Bank, a major lender for US tech startups, collapsed on Friday as regulators took over. That’s incited worries that it could be the start of a much bigger problem across the US finance industry.