Airwallex says helping people was its focus during SVB collapse Finance Tegan Jones 15 March 2023 Aussie fintech Airwallex spun up a lot of new accounts in the wake of SVB. But it says that helping people was its focus.
How does a bank fail? A finance expert explains the dramatic downfall of Silicon Valley Bank Economy William Chittenden 13 March 2023 The short answer is that SVB did not have enough cash to pay depositors so the regulators closed the bank. The longer answer begins with investment decisions made during the pandemic.
