HSBC took over Silicon Valley Bank’s subsidiary in the UK after it collapsed during a bank run in the United States. Theoretically, the move should allow the numerous tech firms that deposited millions of dollars with Silicon Valley Bank to access their money. The World’s Marco Werman speaks with Eddie Duszlak, the founder of Virtuent, an investment firm that focuses on banks, about the crisis.
At The World, we believe strongly that human-centered journalism is at the heart of an informed public and a strong democracy. We see democracy and journalism as two sides of the same coin. If you care about one, it is imperative to care about the other.
Every day, our nonprofit newsroom seeks to inform and empower listeners and hold the powerful accountable. Neither would be possible without the support of listeners like you. If you believe in our work, will you give today? We need your help now more than ever! Every gift will be matched 2:1, so your impact will go even further.