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What impact will SVB failure have when markets reopen?

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A day after one of the biggest bank failures in American history forced Washington to intervene, there are potential concerns for a spillover effect when markets open on Monday.

After more than 40 years of operation, Silicon Valley Bank (SVB) – a leading lender for tech start-ups -- ran short on cash due.

As Reggie Cecchini explains, it’s left customers unsure if they’ll have access to their money.

For more info, please go to https://globalnews.ca/news/9542681/silicon-valley-bank-seizure-what-happened/

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Category
U.S. & Canada
Tags
global news, Silicon Valley Bank, SVB
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