Small Businesses Stress Test Their Banks After Silicon Valley Bank’s Collapse
The collapse of Silicon Valley Bank and Signature Bank has created a new worry for many small businesses: what to do with their cash.Some owners of small and midsize businesses are moving funds to other institutions, splitting them between multiple banks, moving cash into money-market funds or buying Treasurys. Others are more closely reviewing the finances of their banks, while some entrepreneurs are even thinking about the potential risks for key partners and customers. Responding to the recent banking-industry…