What does the Silicon Valley Bank collapse mean for New Zealand?

News about the impending collapse of Silicon Valley Bank in the United States quickly sent shockwaves around the world.
 
Panicked investors quickly started pulling out their money, and the repercussions were even felt in our tech scene.
 
So what went wrong here? Could this trigger a broader domino effect? And are our local banks safe from suffering a similar fate?
 
Today, Markets with Madison presenter and co-host of the Stock Takes podcast, Madison Reidy, is with us to explain what this all means for New Zealand. 

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