Topic: Silicon Valley Bank
The issue explained: Why do banks fail and could it happen in Cayman?
Compass columnist Simon Cawdery breaks down the recent bank crises in the US and asks, could it happen in Cayman and would our savings be protected?
Silicon Valley Bank biggest US lender to fail since 2008 financial crisis
Silicon Valley Bank, which catered to the tech industry for three decades, collapsed on March 10, 2023, after the Santa Clara, California-based lender suffered from an old-fashioned bank run.
