Reuters (March 11)
2023/ 03/ 12 by jd in Global News
“Nearly three years with no U.S. bank failures just came to an unseemly end.” The FDIC took Silicon Valley Bank into receivership “after a slide in deposits and a hasty capital raising failed to restore confidence. By acting quickly, regulators have stopped one crisis, but may have laid the groundwork for more.”
Tags: Bank, Capital raising, Confidence, Deposits, Failures, FDIC, Hasty, Receivership, Regulators, Silicon Valley Bank, Slide, U.S., Unseemly
