Financial TimesFinancial Times

SVB shows that there are few libertarians in a financial foxhole

By John Thornhill

13 Mar 2023 · 3 min read

Editor's Note

The collapse of Silicon Valley Bank raises questions about the effectiveness of financial regulation and the true colors of some of the biggest venture capital players. John Thornhill comments.

The writer is founder of Sifted, an FT-backed site about European start-ups

As the 16th largest bank in the US, Silicon Valley Bank was not big enough to rank as a systemically important financial institution. But, if many of its distressed depositors are to be believed, the collapsed bank still counted as a technologically important one.

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