Explainer: what Silicon Valley Bank’s collapse means for chemistry companies
US and UK-based lender found a niche supporting start-ups - its loss will make it harder for growing companies to access finance
The collapse of Silicon Valley Bank (SVB) in early March shocked investors. The US lender expired just days after its first problems became apparent. SVB was a major investor in technology-based companies, especially startups, including many across life sciences and cleantech sectors; its demise ranks as the second-largest failure in US banking history.