#Exclusive| #JoeBiden assures Americans that US banking system is resilient; #SVB bank suffers $80 billion loss in 24 hours.
Silicon Valley Bank and Signature Bank failed so swiftly that they may have been textbook examples of traditional bank runs, in which a large number of depositors take their funds from a bank at the same time. With the fall of Washington Mutual in 2008, the failures at SVB and Signature were two of the three largest in US banking history, explains a report by Conversation.
#SVBank #USBanking #siliconvalleybank #signaturebank #usnews
n18oc_world
