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It’s too early to fully anticipate all of the consequences of Silicon Valley Bank’s collapse. But there is one prediction I am ready to make: Bank diversification is going to be a much higher priority for startups from now on. — Anna
A mostly ignored best practice
Whether you are an individual or a company, it makes sense to have more than one bank. Yet, many startups don’t.
Source : https://techcrunch.com/2023/03/18/svb-crash-banking-diversification-advice/