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The fall of Silicon Valley Bank • 2m 15s
On March 10, the 16th largest bank in the U.S., Silicon Valley Bank, collapsed and was shut down by regulators. On March 12, Signature Bank followed suit.
The emergency measures caused a plunge in bank stocks around the world. What is happening to the U.S. banking system?
The collapse made it the second-biggest bank failure in U.S. history. Hours before getting shutdown, SVB gave out bonuses to employees.
NY-based Signature Bank, with $110 billion in assets, collapsed two days later. Signature Bank became the third-largest bank failure in the country’s history.
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Biggest U.S. bank failure since 2008
Thousands of technology companies are facing financial uncertainty after the failure of America’s 16th largest bank.
The U.S. federal government on Friday assumed control of Silicon Valley Bank (SVB) and its billions of dollars in customer deposits, temporarily shutting all branches and freezing...
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Who is to blame for the crashes?
Who is to blame for the crashes of Silicon Valley and Signature Bank? CGTN's Karina Mitchell spoke to J.W. Mason, associate economics professor at John Jay College to find out more.
