3min chapter

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The SVB bank failure, explained.

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CHAPTER

Introduction

The collapse of Silicon Valley Bank is the biggest bank failure since 2008. The Consumer Price Index increased 6% in February compared to a year ago, down from 6.4% in January and about what economists expected. Russia signaled a willingness to extend its grain exportation from the Black Sea for 60 more days. First arrest warrants are being prepared against Russian officials over alleged war crimes in Ukraine.

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