How SVB collapse affects Chinese startups?
The fall of Silicon Valley Bank • 2m 42s
Chinese tech firms who do business with Silicon Valley Bank needn’t worry for now, according to an economics professor in New York – America’s financial capital where many Chinese companies are listed.
Joseph Foudy spoke to CGTN’s Jody Jacobs and says the concern is rather, whether other U.S. banks are willing to take the risk with Chinese start-ups.
Up Next in The fall of Silicon Valley Bank
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Key takeaways from SVB's failure
The Bay Area finance and tech worlds are reeling from the collapse of Silicon Valley Bank, a major financial institution for venture capitalist-funded startups.
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What's next for SVB?
Stock markets across the world continued to suffer aftershocks this Tuesday following the dramatic collapse of two U.S. banks.
U.S. authorities seemed to have stemmed some of the panic by covering customer deposits and any banks running into liquidity problems.
But there are now urgent question...
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How safe is the U.S. banking system?
On March 10, the 16th largest bank in the U.S., Silicon Valley Bank, collapsed and was shut down by regulators. On March 12, Signature Bank followed suit.
The emergency measures caused a plunge in bank stocks around the world. What is happening to the U.S. banking system?
The collapse made it ...
