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Silicon Valley Bank Collapses

First domino to fall or isolated incident?

The big news in financial markets last week was the collapse of SVB (Silicon Valley Bank). Prior to its collapse SVB was a top 20 bank in the U.S. with around $200 billion in assets. That’s relatively small compared to a huge bank like J.P. Morgan (~$4 trillion in assets) but still sizable. But SVB was a major lender to tech startups and…