SVB collapse: Pension funds lose millions after bank failure

By Jack Birle

Published March 14, 2023 1:22pm ET

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SVB collapse: Pension funds lose millions after bank failure — Bob, who did not want to provide a last name speaks with press after exiting Silicon Valley Bank's headquarters in Santa Clara, Calif., on Monday, March 13, 2023. | (AP Photo/Benjamin Fanjoy)

Various pension funds that invested in Silicon Valley Bank have lost millions in the aftermath of the collapse of the California-based bank.

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Finance Pensions Silicon Valley Bank