The fall of Silicon Valley Bank revives memories of Lehman Brothers’ bankruptcy. The two situations have some fundamental differences, but there is enough in common that the risks that SVB could spark a new global financial crisis is very real.
The fall of Silicon Valley Bank revives memories of Lehman Brothers’ bankruptcy. The two situations have some fundamental differences, but there is enough in common that the risks that SVB could spark a new global financial crisis is very real.
The effects of the fall of Silicon Valley Bank show the limits of the tech world, but also the current fragility of the international financial system a generation after the 2008 global financial crisis that was sparked by U.S. bank failures.