Startup-focused lender SVB Financial Group i.e. the Silicon Valley Bank Group became the largest bank to fail since the 2008 financial crisis on Friday, in a sudden collapse that roiled global markets, leaving billions of dollars belonging to companies and investors stranded. The Silicon Valley Bank is USA’s 16th largest bank.
#SiliconValleyBank #SVBBankCollapses #USBankingFailure
#SiliconValleyBank #SVBBankCollapses #USBankingFailure
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