How The Second-Biggest Bank Collapse in U.S. History Happened in Just 48 Hours
Published by CNBC Finance | March 10, 2023 Customers withdrew a staggering $42 billion of deposits by the end of Thursday, March 9 2023, according to a California regulatory filing. Silicon Valley Bank was a well-capitalized institution seeking to raise some funds. Within 48 hours, a panic induced by the very venture capital community that …
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