Thursday

24-04-2025 Vol 19

US startup bank SVB goes bankrupt, the largest bank to collapse since the banking crisis | Economy

Authorities in the US state of California closed Silicon Valley Bank (SVB) on Friday after it failed to raise money by issuing new shares. As a result, the bank is no longer able to meet its obligations. The federal government agency FDIC was appointed as administrator.

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Faye Welch

"Travel enthusiast. Alcohol lover. Friendly entrepreneur. Coffeeaholic. Award-winning writer."

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