Opinion
The collapse of Silicon Valley Bank is a cultural moment
Jonathan ShapiroSenior reporterWe all remember Occupy Wall Street in 2011 – when protestors claimed a small patch of land in New York’s financial district to express their disgust that too big to fail banks blew up the economy and cost them their jobs.
Since then, the balance of economic power has shifted westward to Silicon Valley, but the first bank failure since the 2008 has the potential to reignite public hatred of the finance sector.
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Jonathan Shapiro writes about banking and finance, specialising in hedge funds, corporate debt, private equity and investment banking. He is based in Sydney. Connect with Jonathan on Twitter. Email Jonathan at jonathan.shapiro@afr.com
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