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The Street
The Street
By Luc Olinga The legendary investor and hedge fund manager believes the current crisis of confidence around banks is not a “true danger.” The collapse of Silicon Valley Bank, a major player in the startup and small business economy, has rattled business communities and global markets. The second largest failure of a bank in American history, awakened the ghosts of the financial crisis of 2008. The 2008 crisis had devastated the world economy and brought the global financial system almost to its knees. When U.S. regulators shut down SVB on Mar. 10, a shock wave thus hit the markets, some wonde…
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