silicon valley bank collapse (459358)

Why did US banks collapse?The Federal Reserve began raising interest rates rapidly to combat inflation in the USA, and banks’ portfolio started to lose significant value owing to the largest investments they had made. Amid the financial…

First Citizens BancShares Inc has agreed to buy the Silicon Valley Bank, which is under the control of the US regulator the Federal Deposit Insurance Corp (FDIC) after it collapsed due to a liquidity crisis.The Raleigh, North Carolina-based…

HSBC Holdings on Monday said that it is acquiring the UK arm of the collapsed Silicon Valley Bank (SVB) for one pound through a private sale that was brokered by the Bank of England and the British government."Silicon Valley Bank (UK) Ltd…

The US government has said that the depositors of the embattled Silicon Valley Bank (SVB) will be able to access all their cash from Monday (March 13) as it announced a series of emergency measures to restore people’s confidence in the…