Brooke Masters from the Financial Times joins us on this week’s episode to explain exactly what is going on. What caused the collapse of Silicon Valley Bank? How did it cause ripple effects across the world? And although we’re hearing a lot about venture capital, how worried should Joe and Jane Doe be about their savings?

The bank, which specialised in financing startups, was little known to the general public before last week.

The Department said there is ‘limited direct impact on the Irish financial system’.

Sisu clinic co-founder Pat Phelan said no one could predict the swift collapse of the bank.

The bank was a lender of money to tech startups, including a number of Irish firms.