Tech Insider

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.

 

Tech Insider

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.

Tech Insider
  • Silicon Valley Bank spent decades building trust with tech startups and venture capitalists.
  • A Twitter panic, triggered by the people who placed their trust in the bank, took down the bank in days.
  • Darius Rafieyan walks us through the ri
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  • 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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