14-03-2023, 07:44 AM
There’s a deeper story to Silicon Valley Bank’s failure. What can we learn from it?
Financial deregulation lead to the crash in 2008 and it could again in 2023. It’s time to make banking boring againOn Friday, bank regulators closed Silicon Valley Bank, based in Santa Clara, California. Its failure was the second largest in US history and the largest since the financial crisis of 2008.Will other banks fail? On Sunday, regulators closed New York-based Signature Bank. Continue reading...
https://www.theguardian.com/commentisfre...ial-crisis
#US_news #Silicon_Valley_Bank #Banking #US_economy #Business
Financial deregulation lead to the crash in 2008 and it could again in 2023. It’s time to make banking boring againOn Friday, bank regulators closed Silicon Valley Bank, based in Santa Clara, California. Its failure was the second largest in US history and the largest since the financial crisis of 2008.Will other banks fail? On Sunday, regulators closed New York-based Signature Bank. Continue reading...
https://www.theguardian.com/commentisfre...ial-crisis
#US_news #Silicon_Valley_Bank #Banking #US_economy #Business