The reverberations of the collapse of Silicon Valley Bank continued to be felt this week. In Southeast Asia, several regional general partners (GPs) were said to have banked with the embattled lender.
Stocks of several Indonesian digital banks suffered a significant drop in the aftermath of SVB’s sudden shutdown. Akulaku-backed digital lender Bank Neo Commerce was the biggest loser, with its share price declining 6.4% from Friday to 585 rupiah apiece on Monday.
