Bring on the near-misses to avoid the financial meltdowns
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In recent days there have been plenty of tales about how blind most of Silicon Valley Bank’s clients and investors were to the looming risks.
PHOTO: REUTERS
Gillian Tett
Those who saw SVB’s troubles coming had often seen, and learnt from, previous crises.
Last December, Mr Oleg Rogynskyy, a West Coast-based entrepreneur who runs an artificial intelligence start-up, made a bold decision: He closed his corporate account with Silicon Valley Bank (SVB) after years of custom.
