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US: California regulator shuts Silicon Valley Bank

US: California regulator shuts Silicon Valley Bank

Mar 11, 2023, at 02:15 pm

Washington: Silicon Valley Bank, Santa Clara, California, was closed on Friday by the California Department of Financial Protection and Innovation, which appointed the Federal Deposit Insurance Corporation (FDIC) as the receiver, marking the largest failure of a U.S. financial institution in recent years.

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US: California regulator shuts Silicon Valley Bank Sat, Mar 11 2023