Why Silicon Valley Bank collapsed and what it could mean
Silicon Valley Bank (SVB) collapsed with astounding speed on Friday. Investors are now on edge about whether its demise could spark a broader banking meltdown. Here's what you need to know about the biggest US bank failure since the global financial crisis.
Why Silicon Valley Bank collapsed and what it could mean
By Hanna Ziady, CNN Silicon Valley Bank collapsed with astounding speed on Friday. Investors are now on edge about whether its demise could spark a broader banking meltdown. The US federal government has stepped in to guarantee customer deposits, but SVB’s downfall continues to reverberate across global financial markets. The government has also shut down Signature Bank, a regional bank that was teetering on the brink of collapse, and guaranteed…
Why Silicon Valley Bank collapsed and what it could mean
By Hanna Ziady, CNN Silicon Valley Bank collapsed with astounding speed on Friday. Investors are now on edge about whether its demise could spark a broader banking meltdown. The US federal government has stepped in to guarantee customer deposits, but SVB’s downfall continues to reverberate across global financial markets. The government has also shut down Signature Bank, a regional bank that was teetering on the brink of collapse, and guaranteed…