When Silicon Valley Bank (SVB) collapsed late last week, it left more than just investors, lenders, and financial institutions quavering and on edge. Just 48 hours later New York–headquartered bank Signature announced its closure in what has become the third-biggest bank failure in U.S. history. Among SVB’s clients were a host of innovative tech startups and software makers, as well as residential solar panel companies and affordable housing projects. Half of Signature’s lending was to real estate companies and developers with extensive portfolios in commercial buildings and multifamily housing.
While the SVB collapse felt sudden, financial experts say it was actually years in the
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