When small is big

In the Swedish reporting around Silicon Valley Bank, First Republic and Signature, they have often been referred to as niche banks (or in similar ways). Especially in the reporting around Alecta’s move from Swedish banks Handelsbanken and Swedbank to the mentioned banks.

However, it is worth remembering that everything is bigger in the US. A US niche bank is not like Swedish banks Collector or Resurs Bank. It is more like, you guessed it, a large Swedish bank like Handelsbanken or Swedbank.


Silicon Valley Bank: 8 553

Handelsbanken: 10 954

Liabilities & Equity

Silicon Valley Bank: 212 billion USD

Handelsbanken: 3.45 trillion SEK (ca 330 billion USD)

Author: Henrik Torstensson

Partner at Alliance VC. Investing in Nordic early-stage tech startups.

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