The collapse of Silicon Valley Bank, a key lender to US startups since the 1980s, has also affected several startups in India, hitting their daily cash needs and other running expenses. US authorities swooped in and seized the bank's assets on Friday after a run on deposits made it no longer tenable for the medium-sized bank to stay afloat on its own.
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By BY SIMON ROMERO, DANIELLE IVORY AND NICHOLAS BOGEL-BURROUGHS from NYT U.S. https://ift.tt/2V9yvIa
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