Increasing fallout after historic Silicon Valley Bank collapse

#SiliconValleyBank #Finance #Markets
Earlier this week, the bank took a loss of $1.8 billion dollars on the sale of bonds fueled in part by the Federal Reserve’s rapid interest rate increases. Frightened customers rushed to withdraw $42 billion in deposits.CHH News24 ’ George Solis has more on what will happen to companies who had money at the bank and the sellers using e-commerce site, Etsy that are now not getting paid.