Free Republic 2nd Qtr 2024 Fundraising Target: $81,000 Receipts & Pledges to-date: $25,697
31%  
Woo hoo!! And we're now over 31%!! Thank you all very much!! God bless.

Keyword: dinb

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  • Silicon Valley Bank is shut down by regulators in biggest bank failure since Global Financial Crisis

    03/10/2023 9:47:33 AM PST · by EBH · 33 replies
    CNBC ^ | 3/10/23
    Financial regulators have closed Silicon Valley Bank and taken control of its deposits, the Federal Deposit Insurance Corp. announced Friday, in what is the largest U.S. bank failure since the Global Financial Crisis more than a decade ago. The collapse of SVB, a key player in the tech and venture capital community, leaves companies and wealthy individuals largely unsure of what will happen to their money. According to press releases from regulators, the California Department of Financial Protection and Innovation closed SVB and named the FDIC as the receiver. The FDIC in turn has created the Deposit Insurance National Bank...