2min chapter

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What the Bailout of SVB Means for the Fed's Fight Against Inflation | Steven Kelly

Hidden Forces

CHAPTER

The Second Biggest Bank Failure in US History

The government announced late Sunday evening that it would make depositors whole at both Signature Bank and Silicon Valley Bank. This is now the second biggest bank failure in US history after the collapse of Washington Mutual in 2008. The banks basically had business models that were focused on sort of bubbly industries, I guess.

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