From wine country to London, bank's failure shakes worldwide
It was called Silicon Valley Bank, but its collapse is causing shockwaves around the world
By STAN CHOE and BOBBY CAINA CALVAN
Published - Mar 13, 2023, 02:54 AM ET
Last Updated - Jul 18, 2023, 04:20 PM EDT
NEW YORK (AP) — It was called SVB" target="_blank">Silicon Valley Bank (SVB), but its collapse is causing shockwaves around the world.
California Gov. Gavin Newsom said Saturday that he's talking with the White House to help "stabilize the situation as quickly as possible, to protect jobs, people's livelihoods, and the entire innovation ecosystem that has served as a tent pole for our economy.”
