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Silicon Valley Bank is seized by US after historic failure

Por: Orlando Sentinel Business March 10, 2023

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NEW YORK — U.S. regulators rushed to seize the assets of Silicon Valley Bank on Friday after a run on the bank, marking the largest failure of a financial institution since Washington Mutual collapsed at the height of the financial crisis more than a decade ago. Silicon Valley Bank, the nation’s 16th largest bank failed after its depositors — mostly technology workers and venture capital-backed companies — hurried to withdraw money... + full article



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