Silicon Valley Bank collapse hits Comvita, ikeGPS and Rocket Lab
US bank failure the largest since 2008, with ripples felt across the world.
Silicon Valley Bank’s collapse is the largest failure since 2008.
Silicon Valley Bank’s collapse is having ripple effects across the New Zealand market, with NZX-listed Comvita and ikeGPS joining Nasdaq-listed space company Rocket Lab in disclosing exposure to the failure.
The bank’s collapse into receivership is being called the biggest US banking failure
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