Silicon Valley Bank collapse: Founders of colour unite in a WhatsApp group

Quick Summary

In the hours after some of Silicon Valley Bank's biggest customers started pulling out their money, a WhatsApp group of startup founders who are immigrants of colour ballooned to more than 1,000 members.

Some desperately sought advice: Could they open an account at a larger bank without a Social Security Number?

Others questioned whether they had to physically be at a bank to open an account, because they're visiting parents overseas.

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News Analysis

Author / Journalist: AP

Category: Business Finance

Topics: Business Banks Larger Startups Bank People Community Colour Funding Financial Banking

Source Website Secure: Yes (HTTPS)

Sentiment: Positive

Fact Checked: Legitimate

Article Type: News Report

News Source URL: business-standard.com

Readership Location: India

Published Date: 2023-03-19, 13:39:00

News Timezone: GMT +5:00

Language: English

Original Article Length: 1276 words

Reading Duration: 8 minutes read

Compatibility: Desktop Web, Mobile Web, iOS App, Android App

News ID: 1051730

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About Publisher

Name: Business Standard

Main Topics: BusinessFinance

Official Website: business-standard.com

Last Update: 2h ago

Headquarters: India

Coverage Areas: India

Publication Owner: Independent Company

Publication Timezone: GMT +5:00

Languages Covered: English

RSS Feed: Available (XML)

API Available: Yes

Website Security: Secure (HTTPS)

Publisher ID: #118

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