Essential Factors
- As Silicon Valley Lender was shuttered by the FDIC on Friday, traders and companies with funds locked up expressed dismay at how it went down.
- Several enterprise capitalists likened collapse is akin to a Twitter-led financial institution operate, centered far more on unjustified anxiety than reality.
- Investors ended up urging their portfolio companies to allocate cash to other banking institutions so they could shell out their workers on time.
