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Silicon Valley Bank collapses, in biggest failure since financial crisis

Por: Politico Business March 10, 2023

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Silicon Valley Bank collapsed on Friday after a run on deposits drove the Northern California institution into insolvency, marking the largest bank failure since the financial crisis. The Federal Deposit Insurance Corp. has transferred the bank’s deposits to a new entity in order to protect consumers. Policymakers including Treasury Secretary Janet Yellen had grown increasingly alarmed over the past 24 hours at the prospect of the bank’s... + full article



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