Silicon Valley Bank collapse marks worst bank failure since Great Recession
The closure of Silicon Valley Bank (SVB) was announced by the (FDIC) on Friday, marking the worst U.S. financial institution failure in nearly 15 years. SVB was the 16th largest bank in the United States until Friday afternoon. It failed after anxious depositors rushed to withdraw money over concer…Read more at foxbusiness.com: Silicon Valley Bank collapse marks worst bank failure since Great Recession
