Bank CEO, economist see little impact from SVB failure
IN THIS ARTICLE
- Banking & Finance Topic
- Henry Dubroff Author
By Henry Dubroff Friday, March 10th, 2023
The chair of the region's biggest bank a leading economist responded quickly to the biggest bank failure since the financial crisis with reassurances that Silicon Valley Bank is unlikely to have broad impacts. Based in Santa Clara, Silicon Valley Bank had its doors closed and its deposits seized by the Federal Deposit Insurance Corp., the…