Reading Time: 4 minutes Regulators took over California-based Silicon Valley Bank on Friday in the second-biggest bank failure in US history. The Santa Clara-headquartered bank was shuttered by the California Department of Financial Protection and Innovation, which appointed the Federal Deposit Insurance Corporation (FDIC) as the receiver. This is the biggest bank collapse in the US since the 2008 […]
Source: Silicon Valley Bank Collapses in Second-Biggest Bank Failure in US History