Why Silicon Valley Bank collapsed, and why it matters

1 week ago 68

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A line waits outside of Silicon Valley Bank to draw funds after the FDIC had to close the bank.

  • Silicon Valley Bank's collapse on Friday was the second-largest bank failure in US history.
  • Its failure led to the collapse of Signature Bank.
  • The FDIC insures customers' funds in case something like this happens.

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Silicon Valley Bank collapsed on Friday, resulting in the second-largest bank failure in US history. 

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