An ‘Existential Weekend’: How Two Bank Collapses Roiled Real Estate
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The Biggest Bank Failure Since the 2008 Financial Crisis
On Friday morning, California regulators shut down the bank and placed it under the control of the FDIC. About $2.6 billion was designated for commercial real estate. And given that SVB was a mortgage lender too, that must have freaked out a good number of homeowners.
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