Silicon Valley Bank, Signature Bank, and First Republic are among the largest bank failures in US history. But more banks could fail, according to Fed chair Jerome Powell.
Silicon Valley Bank, Signature Bank, and First Republic are among the largest bank failures in US history. But more banks could fail, according to Fed chair Jerome Powell.
- 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.