The CEO of Silicon Valley Bridge Bank is asking customers to return. But spooked Americans are moving billions out of smaller banks and into Wall Street giants.

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Silicon Valley Bank customers wait in line at SVBs headquarters in Santa Clara, California on March 13, 2023.
Many depositors moved their funds out of Silicon Valley Bank over the last few days.

Noah Berger/AFP

Silicon Valley Bank's just suffered the worst financial meltdown in 15 years. Here's what you should know, and what A-list market minds are saying.

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sbv silicon valley bank building exterior

AP Photo/Benjamin Fanjoy

Relax, SVB's implosion is nothing like the 2008 financial crisis, and the economy will be fine

Tech Insider : Economy
Startup founders scrambled to get their funds out of Silicon Valley Bank after its collapse.
Startup founders scrambled to get their funds out of Silicon Valley Bank after its collapse.

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Silicon Valley Bank's collapse means startups and VCs face billions in losses

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A man stands outside Silicon Valley Bank
Silicon Valley Bank was shut down Friday by regulators.

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The implosion of Silicon Valley's largest bank has investors worried worse is to come: 'There might be some kind of crack in the financial system'

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Silicon Valley Bank
The rapid-fire implosions of Silicon Valley Bank and Silvergate have Wall Street worried about a broader financial shock.

Rafael Henrique/SOPA Images/LightRocket via Getty Images

Wall Street's 4 top banks just had $55 billion wiped off their market value in a single day

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People walk inside JP Morgan headquarters in New York, October 25, 2013.

REUTERS/Eduardo Munoz

The S&P 500 could fall 20% by midyear as Powell's hawkish testimony sets the stage for higher rates than markets were expecting, JPMorgan says

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Jerome Powell speaks at a Fed meeting
Federal Reserve Board Chair Jerome Powell.

Elizabeth Frantz/Reuters

JPMorgan CEO Jamie Dimon says that the US can still avoid a recession and that the Russia-Ukraine war is the biggest geopolitical threat since World War II

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Jamie Dimon

REUTERS/Larry Downing

The Fed's own economists are warning of a 19.5% housing correction and more rate hikes could set off a 'domino effect'

Tech Insider : Economy

Happy hump day, team. I'm senior reporter Phil Rosen, writing to you just blocks away from where Goldman Sachs held their second-ever investor day on Tuesday. 

If you're not familiar with investor days, it's basically when a company gives an update on where they stand and where they're going. 

Goldman's first one was in 2020 — but a lot has changed since then. 

Brace for a 'wrathful Old-Testament-style' central bank reaction to sticky inflation that could cause a deep US recession, says JPMorgan

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Traders work on the floor of the New York Stock Exchange
Traders work on the floor of the New York Stock Exchange.

Michael M. Santiago/Getty Images

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