'Concern and panic.' From winemakers in California to startups across the Atlantic Ocean, companies are scrambling to figure out how to manage their finances after Silicon Valley Bank's collapse.
March 11, 2023 GMTPeople look at signs posted outside of an entrance to Silicon Valley Bank in Santa Clara, Calif., Friday, March 10, 2023. From winemakers in California to startups across the Atlantic Ocean, companies are scrambling to figure out how to manage their finances after their bank, Silicon Valley Bank, suddenly shut down on Friday.
The meltdown means distress not only for businesses but also for all their workers whose paychecks may get tied up in the chaos. People look at signs posted outside of an entrance to Silicon Valley Bank in Santa Clara, Calif., Friday, March 10, 2023. From winemakers in California to startups across the Atlantic Ocean, companies are scrambling to figure out how to manage their finances after their bank, Silicon Valley Bank, suddenly shut down on Friday.
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