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One Thing: Breakdown of a Bank Collapse (and What It Means for You)

CNN 5 Things

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Introduction

Slumberkins co-founder Kaylee Christensen was at a toy industry media event in New York City on March 8th. The next day, as they were about to board a cross-country flight back home to Portland, Oregon, Silicon Valley Bank confirmed their withdrawal request. They had found themselves in the middle of the largest US bank failure since the financial crisis of 2008.

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