The US stock market had a tough week with heavy selling seen in the banks. The collapse of Silicon Valley Bank led to concerns about a contagion impact to the broader financial sector. We take a look at what led to Silicon Valley Bank’s collapse and what to look out for from here.  If you’re looking at no-frills deposit accounts to park your spare cash amidst the uncertain outlook, do check out our recent reviews of CIMB FastSaver, Stanchart JumpStart and UOB Stash accounts. Also, join us in a upcoming seminar jointly organised by Nikko Asset Management, DBS and SGX on 18 March to find out more about what investing strategies could work in today's market environment. Source: Bloomberg. Price as of market close on 10 March 💸 Another one bites the dust 

What happened?

Silicon Valley Bank (SVB), a US bank which served mainly tech startups, was closed by US regulators in the largest bank collapse since 2008....