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Panic! At The Bank with Felix Salmon

What Future with Joshua Topolsky

CHAPTER

SVB Can Fail, Is That a Big Deal?

There's only one bank in Silicon Valley. If that one bank fails and literally just doesn't reopen or just like winds down under national ownership, that would be a real problem for Silicon Valley broadly because they would need to find another bank. There are definitely other banks in the area though. Apparently, there's only one judge. I've been reliably informed. In any case, the overwhelming likelihood is that Silicon Valley bank will end up getting sold to someone or other. It will reopen under new ownership. Or maybe Elon Musk is someone suggested.

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