Will The Cascade Of Bank Collapses Break The Coworking Industry?
Allwork
MARCH 13, 2023
Three banking pillars in the tech industry in California have collapsed, with the announcement of a winding down of Silvergate Bank, the sudden closure of Silicon Valley Bank and the forced shutdown of Signature Bank. Coworking operators with significant space in California, particularly in the Bay Area, are bound to be adversely affected if the Federal Reserve fails to prevent a chaotic end of SVB.
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