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Startup-focused lender SVB Financial Group became the largest bank to fail since the 2008 financial crisis on Friday, in a sudden collapse that roiled global markets,
US Treasury Secretary Janet Yellen on Sunday said she was working closely with banking regulators to respond to the collapse of Silicon Valley Bank and protect depositors,
India’s state minister for technology said on Sunday he will meet start-ups this week to asses the impact on them of Silicon Valley Bank’s collapse,
HSBC bought the UK arm of Silicon Valley Bank (SVB) for a symbolic one pound on Monday, rescuing a key lender for technology start-ups in Britain,
Silicon Valley Bank’s (SVB’s) collapse continued to pound global bank stocks on Tuesday as investors fretted over the financial health of some lenders,
SVB Financial Group said on Friday it filed for a court-supervised reorganization under Chapter 11 bankruptcy protection to seek buyers for its assets,
This is mainly due to the structural features of these banks, including their strong commercial franchises and the support they receive from their governments.