🔒 Startup banking battle: Giants clash for the Silicon Valley throne

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🔒 Startup banking battle: Giants clash for the Silicon Valley throne

In the aftermath of Silicon Valley Bank’s monumental setback, the race to dominate the realm of startup financing has intensified. JPMorgan Chase & Co. and HSBC Holdings Plc have emerged as formidable contenders, challenging SVB’s once-unchallenged position. Despite facing a trust deficit, SVB, now under First Citizens Bancshares Inc., remains resilient, leveraging its seasoned local bankers’ expertise. As banking giants vie for supremacy in the…