Could Silicon Valley Bank’s failure push us toward a bigger financial collapse?
What happened to the bank that supported so many tech startups, and what it means for everyone.
The Week in Philly from KYW Newsradio
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Show Notes
Silicon Valley Bank, the nation’s 16th largest bank and a financial center for many tech startups, collapsed in mid-March. Startups across the country - including here in the Philadelphia region - are feeling the effects. But outside of the tech world, how big of a deal is this for everyone? Could this bank’s failure lead people to panic and push other banks to a tipping point? Dr. Samuel Rosen, Assistant Professor of Finance at Temple University's Fox School of Business, explains what led up to the collapse, what happens now for companies who used Silicon Valley Bank, and what this could mean for the future.
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