March 23, 2023

Bonus: Why Silicon Valley Bank Failed And What It Means For Canada

What went wrong at Silicon Valley Bank? In the course of a few days, the bank of choice for the US tech sector collapsed, forcing regulators to take unprecedented steps to avoid a broader financial crisis.

On this bonus episode of Free Lunch by The Peak, Murad Hemmadi, a correspondent for The Logic covering business and innovation policy, joins us to unpack how SVB went under so quickly and what the impact of its failure is on the tech sector both in the US and Canada.