Tag: Greg Becker
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Silicon Valley Bank shut down by regulators, FDIC takes control
SANTA CLARA, Calif. — Silicon Valley Bank collapsed Friday in the second-biggest bank failure in U.S. history after a run on deposits thwarted the tech-focused lender’s plans to raise fresh capital. The Federal Deposit Insurance Corp. said it has taken control of the bank through a new entity it created, the Deposit Insurance National Bank […]