Silicon Valley Bank's collapse has echoes of 2008. Here's why things are different this time.

The failure of Silicon Valley Bank is rattling markets and raising uncomfortable questions: Will it undermine the broader banking system and start a new meltdown?

People are also reading… "The reason [SVB is] in trouble is because they have exposure to particular industries," said Jonas Goltermann, deputy chief markets economist at Capital Economics. Most other banks, he added, are more"diversified." SVB put the bonds up for sale as customers, facing leaner times, pulled their money from the bank. Shares of SVB plunged 60% on Thursday. Trading in the stock was halted Friday amid reports that the bank, unable to raise all the money it needed, was hunting for a buyer.

Mike Mayo, senior bank analyst at Wells Fargo, said the crisis at SVB might be"an idiosyncratic situation."

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