The fallout from Silicon Valley Banks collapse
On Sunday, a group of U.S. government agencies made the extraordinary decision to ensure that everyone who had money in Silicon Valley Bank would be able to access that cash.\n\nThe move comes on the heels of Friday\u2019s collapse of the California-based bank following a bank run. Silicon Valley Bank is the second largest bank to fail in the U.S. \u2013 the first was Washington Mutual during the 2008 financial crisis.\n\nFelix Salmon is a Chief Financial Correspondent at Axios and the host of Slate Money. Today on Front Burner he joins us to explain why Silicon Valley Bank went under and what might happen next.\n\nFor transcripts of this series, please visit: https://www.cbc.ca/radio/frontburner/transcripts