A display lists Silicon Valley Bank achievements as customers gather to withdraw money at SVB’s headquarters in Santa Clara, California, on March 13. Photo: AFP
Opinion
Opinion
Macroscope
SVB is a casualty of the sharp repricing of debt across the world. Expect more to follow
- It’s becoming clear that investors and regulators have underestimated the scale of the damage wrought by the sudden surge in borrowing costs
- SVB’s demise, in the wake of the UK pensions debacle, signals that a slow-burn financial crisis is unfolding
A display lists Silicon Valley Bank achievements as customers gather to withdraw money at SVB’s headquarters in Santa Clara, California, on March 13. Photo: AFP
