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Key Takeaways from the Silicon Valley Bank Crash for Diversification of Business Accounts
The shock runs deep. On March 10, 2023, Silicon Valley Bank, one of the 16 largest banks in the United States, collapsed. This marks the largest banking failure since the fall of Lehman Brothers in the autumn of 2008 and has caused significant concern for many companies in the UK. In this paper, we will provide brief and concise answers to the following questions:
- How did the SVB crash occur?
- How well prepared are Agicap's over 6,000 customers for such an event?
- What does a treasury expert recommend as a measure to secure corporate liquidity?
In addition, we provide tips on what you can actively do now to avoid being affected by a banking collapse in the future.
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Reading time - 5 min
3 Pages
Put cash flow at the heart of your financial management
- Manage your cash flow in real-time.
- Follow up and collect your customer receivables
Agicap - 2023