SAN DIEGO – The fallout from the Silicon Valley Bank collapse continued this week as leaders at the federal level and financial sector attempted to calm fears of a larger industry issue.
KUSI’s Matt Prichard went live with details. Later on “Good Evening San Diego”, KUSI’s Logan Byrnes was joined by KUSI Political Contributor Tom Del Beccaro to discuss the issue further .
tomdelbeccaro Excellent tomdelbeccaro ‼️
tomdelbeccaro The bank management made bad investments and overleveraged themselves.
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Silicon Valley Bank’s failure has San Antonio tech companies scrambling for cashLocal companies are trying to get their money out of the bank to make payroll and meet payments due to suppliers and for rent.
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