Silicon Valley Bank’s Collapse Sends Shockwaves Through Banking and Startup Worlds
SVB Financial Group, which operates as Silicon Valley Bank, has become the largest bank to fail since the 2008 financial crisis. Regulators closed the Santa Clara, California-based lender, ranked 16th biggest in the US with $209bn in assets at the end of 2022, and appointed the Federal Deposit Insurance Corporation as its receiver for later […]
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