BBCNEWS World Business Report July 6, 2024
silicon valley bank's collapse on friday has sent shock waves around the world. it's forced central banks and regulators to act. on friday, california banking regulators closed down svb financial group — the largest bank failure since the global financial crisis. since then, two other regional banks have also gone bankrupt — silvergate, signature bank in new york while first republic was also forced to reassure investors after its shares plunged 60% in pre—market trading. in a bid to stem contagion across the industry, the us government stepped in, effectively guaranteeing depo...
Source: archive.org
