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Andrew Yang warns of mass layoffs after Silicon Valley Bank collapse

Por: Newsweek Nation March 11, 2023

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Andrew Yang, a businessman and Democratic political candidate in multiple races, urged on Friday for government action on the collapse of Silicon Valley Bank (SVB), warning of potential mass layoffs and financial contagion.SVB on Friday began to collapse in the face of a sudden run on its sizeable deposits. While largely unknown to the broader United States, SVB was a go-to financial institution for startup businesses in California's... + full article



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