What the Silicon Valley Bank collapse means for climate tech
Zero: The Climate Race
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What Happened to Silicon Valley Bank?
Silicon Valley Bank had about $220 billion of assets when it was taken over. The bank operated with a low interest rate environment, says CNN's John Sutter. A Fed because of inflation in the US started to increase interest rates that no longer looked like a great financial bet, he says. "It happened very rapidly where one investor went to the next and the next," writes Sutter.
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