The 2nd Biggest Bank Failure In American History: Silicon Valley Bank Is No More
The Breakdown
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The Federal Reserve hikes rates by 400 basis points in 12 months, sending all asset prices into a tailspin and inverts the yield curve of the most since 1980. Silicon Valley Bank has been closed by the FDIC. All insured depositors will have full access to their insured deposits no later than Monday morning. More on what the hell that means coming soon.
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