March 13, 2023
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1:15Now PlayingThe swift collapse of Silicon Valley Bank sent shock waves through the US financial system over the weekend — with many wondering how the nation’s 16th-largest lender, which catered to thousands of innovative tech startups, could fail so spectacularly.
Before last week, SVB had $209 billion of assets under management. Its fall qualifies as the second-largest bank failure in US history.
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#svb #business #siliconvalleybank
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