13/03/2023
What Happened To SVB? What Are The Reasons? How Will It Impact Us?
On March 11th, Silicon Valley Bank, one of the top 20 banks in the US with over $200 billion in assets, suddenly announced its bankruptcy. This was the largest bank failure since the 2008 financial crisis, and the entire collapse occurred within just 48 hours.
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On March 11th, Silicon Valley Bank, suddenly announced its bankruptcy. This was the largest bank failure since the 2008 financial crisis.