image credit: Unsplash

Silicon Valley Bank Collapse Hits Some Ecommerce Retailers, but Full Effect Remains to be Seen

March 13, 2023


The collapse of Silicon Valley Bank (SVB) is sending shockwaves through ecommerce, and some retailers are expecting significant setbacks from the loss of its services. The Department of the Treasury, Federal Reserve and FDIC have promised in a joint statement that all depositors will have access to their money as of March 13 through a newly-created “bridge bank,” though that was not enough to prevent some hiccups in the industry.

Read More on Retail TouchPoints