Silicon Valley Bank was recently shut down by California Regulators in the largest bank collapse since the 2008 financial crisis. Jasmin explains what happened and what you can do to protect your money.
References:
https://techcrunch.com/2023/03/09/silicon-valley-bank-firms-reactions/
https://www.fdic.gov/news/press-releases/2023/pr23016.html
https://www.cnn.com/2023/03/13/investing/silicon-valley-bank-collapse-explained/index.html
https://www.axios.com/2023/03/13/silicon-valley-bank-collapse-market
https://www.reuters.com/business/finance/what-caused-silicon-valley-banks-failure-2023-03-10/
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