SVB collapse: Rhode Island pension fund to lose $2.5 million from bank collapse

By Misty Severi

Published March 13, 2023 11:01pm ET

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SVB collapse: Rhode Island pension fund to lose $2.5 million from bank collapse — 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)

Rhode Island is expected to lose nearly $2.5 million in pension fund investments after two banks collapsed last week.

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Finance Pensions Rhode Island Silicon Valley Bank