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One of the largest banks in the US has collapsed after it faced a bank run with customers scrambling to withdraw their cash.
Silicon Valley Bank was the sixteenth-largest bank in the U-S by market cap.
It was highly invested in the tech and crypto sectors, which have both seen big drops in value.
Some investors are comparing it to the collapse of Bear Sterns, which kicked off the 2008 financial meltdown
US investment bank Wedbush Securities managing director and senior equity analyst Daniel Ives spoke to Corin Dann.