Technology is such a thing that any boundaries do not bind it. But in March 2023, the tech sector was hit hard by a major bank collapse - Silicon Valley Bank.

Silicon Valley Bank (SVB), once counted as one of the major American Banks that helped millions of Indian American and Indian startups for almost four decades and became the largest bank in Silicon Valley because of its huge funds, went from solvent to bankrupt within no time on 10th of March, 2023.

The collapse of Silicon Valley Bank opened up the wounds of the world’s biggest bank failures - the collapse of Washington Mutual Fund in 2008 of $307 million and the collapse of First Republic Bank in 2023 of $212 million.

Read here https://www.resmanagement.in/svb-game-changing-200-million-shift-to-gift-city

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