- Silicon Valley Bank's implosion has cast a wary eye on SoftBank Group Corp.
- SoftBank has lost around 7% or $5 billion of its value since news of SVB’s difficulties emerged.
- US authorities have pledged to fully protect all depositors' money.
- SoftBank sees little impact from SVB’s failure on its portfolio companies.
- SVB's crisis has revealed the extent of the damage rising interest rates might cause on companies and banks.
SVB Collapse Trains Spotlight on Softbank’s Startup Financing
As the world assesses the fallout from Silicon Valley Bank’s implosion, investors are casting a wary eye at SoftBank Group Corp. — by many measures, the startup arena’s biggest backer and advocate.
Zheping Huang
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