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Small Businesses Stress-Test Their Banks After Silicon Valley Bank’s Collapse
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The collapse of Silicon Valley Bank and Signature Bank has created a new worry for many small businesses: what to do with their cash.
Some owners of small and midsize businesses are moving funds to other institutions, splitting them between multiple banks, moving cash into money-market funds or buying Treasurys. Others are more closely reviewing the finances of their banks, while some entrepreneurs are even thinking about the potential risks for key partners and customers.
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