Silicon Valley Bank's collapse: everything you need to know (in 5 minutes!)

The US has seen its largest banking failure since 2008 with the collapse of Silicon Valley Bank - the main bank for mature, funded startups globally.   The US Congress has promised to make all Silicon Valley Bank customers ‘whole’, meaning none of them will lose a cent after its collapse.   The collapse of SVB has caused waves all over the world - including in Australia - and this could create a lasting impact for both businesses startups and banks.   ---   Build the financial wellbeing of your team with Flux at Work: https://bit.ly/fluxatwork Download the free app (App Store): http://bit.ly/FluxAppStore Download the free app (Google Play): http://bit.ly/FluxappGooglePlay Daily newsletter: https://bit.ly/fluxnewsletter Flux on Instagram: http://bit.ly/fluxinsta Flux on TikTok: https://www.tiktok.com/@flux.finance   ---   The content in this podcast reflects the views and opinions of the hosts, and is intended for personal and not commercial use. We do not represent or endorse the accuracy or reliability of any opinion, statement or other information provided or distributed in these episodes.See omnystudio.com/listener for privacy information.