The biggest bank failure in the US since the 2008 financial crisis: SVB Financial collapsed, the regulator closed it down
California banking regulators have shut down SVB Financial Group, the parent company of Silicon Valley Bank. The collapse of SVB is the largest bank failure in the US since the height of the financial crisis in 2008. The Federal Deposit Insurance Corporation (FDIC) was appointed as administrator of the bank. She stated that the bank’s … Read more