JPMorgan managed to gain most customers who fled SVB, NY Post reports.

While the collapse of Silicon Valley Bank, SVB, (SIVB) occurred earlier this month, JPMorgan (JPM) managed to gain most customers who fled the tech-focused financier, Lydia Moynhihan of The New York Post reports, citing knowledge gained by On The Money. Several venture capitalists have privately polled hundreds of tech founders to see where they moved their banks during the crisis and they found more than 90% went to JPMorgan, the Post said, citing an informal tally shared by the venture capitalists. "In a fire drill situation – you just need to move your money to the safest bank," said one venture capitalist, according to the Post. Reference Link