CNN The Lead With Jake Tapper July 6, 2024
what happened? >> erica, this happened so fast. its stunning. silicon valley bank shut down by california regulators after the stock crashed by 60% yesterday after the bank said it needed to rapidly raise cash. this is easily the biggest bank failure since washington mutual fell apart in 2008 during the financial crisis. silicon valley bank, if you havent heard of it, it is a major lender to tech start-ups. the fdic says that depositors that have $250,000 or less, they are insured here...
Source: archive.org