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FDIC seizes Silicon Valley Bank after historic failure

Por: Portland Press Herald World March 11, 2023

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A person from inside, middle rear, talks to people waiting outside an entrance to Silicon Valley Bank in Santa Clara, Calif., on Friday. Jeff Chiu/Associated Press NEW YORK — The U.S. rushed to seize the assets of Silicon Valley Bank on Friday after it experienced a run on the bank, the largest failure of a financial institution since Washington Mutual during the height of the financial crisis more than a decade ago. Silicon Valley, the... + full article



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