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Silicon Valley Bank becomes largest US bank to fail since 2008 financial crisis

Admin - 2 years ago
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Silicon Valley Bank has become the largest American bank to fail since the 2008 financial crisis after California regulators shut it down on Friday. The decision to shut the bank was taken after its shares plunged 60% on Thursday over concerns it was running low on available cash. As of December, the bank had roughly $209 billion in total assets.
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