Federal Deposit Insurance Corporation: Silicon Valley Bank has been closed by California regulators, with approximately $209 billion in assets
ChainCatcher news, the Federal Deposit Insurance Corporation announced that Silicon Valley Bank has been closed by California regulators. The bank had approximately $209 billion in assets and is the first insured institution to fail this year. Insured depositors of Silicon Valley Bank were able to access the bank on Monday. The bank's main office and branches reopened on Monday. (Jin10 Data)
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