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Silicon Valley Bank: What you need to know as the crisis sparks stock market chaos

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Silicon Valley Bank crisis: Everything you need to know about SVB Financial as its share collapse rattles major stocks

SVB is a Santa Clara-based bank that lends money to and takes deposits from Silicon Valley tech startups.

There are two reasons – both tied to the Federal Reserve's aggressive interest-rate hikes as it bids to crush soaring inflation in the US.

 

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