The Silicon Valley Bank is closed down by the Department of Financial Protection and Innovation on March 10, 2023. /CFP
Silicon Valley Bank was closed down by the Department of Financial Protection and Innovation on March 10 because of insolvency. It is the largest bank failure in the U.S. since the financial crisis in 2008. Two days later, Signature Bank in the U.S. announced its collapse.
Please tell us your view on the failure of two the banks in three days.
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