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Why SVB’s Failure May Cause More Pain for Customers Than Washington Mutual’s Did

Por: MarketWatch Business March 12, 2023

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SVB was the second-largest FDIC-insured bank to fail in U.S. history. Many of SVB’s clients, which included startups and venture-capital firms, raised a ton of cash during the pandemic, leading to a surge in their deposits.  By the first quarter of 2020, the bank had over $60 billion in total deposits. The number skyrocketed to nearly $200 billion just two years later. According to the FDIC, SVB had approximately $209 billion in total assets... + full article



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