Home World News Latin America Silicon Valley Bank Collapse Not Systemic Issue, Unlikely to Lead to Crisis

Silicon Valley Bank Collapse Not Systemic Issue, Unlikely to Lead to Crisis

Silicon Valley Bank Collapse Not Systemic Issue, Unlikely to Lead to Crisis

WASHINGTON (Sputnik) – The collapse of the Silicon Valley Bank, which likely stemmed from a bank run, is not indicative of a systemic banking problem and is unlikely to lead to a crisis similar to the one in 2008, Gary Korolev, CEO of Sovereign Wealth Management, told Sputnik.

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