2008 financial crisis (275640)

On Friday, the Silicon Valley Bank announced that it will be shutting down its operations after the lender’s announcement of raising $2 billion in funds to plug losses triggered a massive sell-off.This marked the failure of the largest…

US regulators have taken control over the Silicon Valley Bank (SVB) after it was shut down, marking the largest retail bank failure since the 2008 financial crisis.The Federal Deposit Insurance Corporation (FDIC) on Friday announced that it…