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An ‘Existential Weekend’: How Two Bank Collapses Roiled Real Estate
Deconstruct
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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