International Current Affairs
Silicon Valley Bank, which was shut down recently, is based in which country?
Russia
Ukraine
USA
UK
USA
The US regulators have shut down Silicon Valley Bank (SVB) and taken control of its customer deposits in the largest failure of a US bank since 2008.
The firm, which was a key tech lender, was scrambling to raise money to plug a loss from the sale of assets affected by higher interest rates. Silicon Valley Bank faced inadequate liquidity and insolvency.
USA The US regulators have shut down Silicon Valley Bank (SVB) and taken control of its customer deposits in the largest failure of a US bank since 2008.
The firm, which was a key tech lender, was scrambling to raise money to plug a loss from the sale of assets affected by higher interest rates. Silicon Valley Bank faced inadequate liquidity and insolvency.
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