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:
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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