{"id":3451,"date":"2024-06-14T00:10:04","date_gmt":"2024-06-14T00:10:04","guid":{"rendered":"https:\/\/exam.pscnotes.com\/current-affairs\/?p=3451"},"modified":"2024-06-14T00:10:04","modified_gmt":"2024-06-14T00:10:04","slug":"silicon-valley-bank-collapse-the-biggest-bank-failure-since2008-2","status":"publish","type":"post","link":"https:\/\/exam.pscnotes.com\/current-affairs\/silicon-valley-bank-collapse-the-biggest-bank-failure-since2008-2\/","title":{"rendered":"Silicon Valley Bank Collapse: The Biggest Bank Failure Since\n2008"},"content":{"rendered":"<p>Startup-focused lender Silicon Valley Bank Financial Group became the largest bank to fail since the 2008 financial crisis, in a sudden collapse that roiled global markets, left billions of dollars belonging to companies and investors stranded<\/p>\n<p>Silicon Valley Bank, the nations 16th largest bank, collapsed on Friday, forcing a government takeover and calling into question the fate of almost $175 billion in customer deposits.<\/p>\n<p>Signature Bank, the 29th-largest bank in <div class=\"youtube-subscribe-container\">\r\n        <a href=\"https:\/\/www.youtube.com\/channel\/UCNHT8lW-JmLC68rjBfZhdkg?sub_confirmation=1\" target=\"_blank\" class=\"youtube-subscribe-button\">\r\n            <span class=\"youtube-icon\">\r\n                <svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" viewBox=\"0 0 576 512\">\r\n                    <path d=\"M549.7 124.1c-6.3-23.7-24.8-42.3-48.3-48.6C458.8 64 288 64 288 64S117.2 64 74.6 75.5c-23.5 6.3-42 24.9-48.3 48.6-11.4 42.9-11.4 132.3-11.4 132.3s0 89.4 11.4 132.3c6.3 23.7 24.8 41.5 48.3 47.8C117.2 448 288 448 288 448s170.8 0 213.4-11.5c23.5-6.3 42-24.2 48.3-47.8 11.4-42.9 11.4-132.3 11.4-132.3s0-89.4-11.4-132.3zm-317.5 213.5V175.2l142.7 81.2-142.7 81.2z\"\/>\r\n                <\/svg>\r\n            <\/span>\r\n            Subscribe on YouTube\r\n        <\/a>\r\n <div class=\"telegram-channel-container\">\r\n        <a href=\"https:\/\/t.me\/pscnotes2025\" target=\"_blank\" class=\"telegram-channel-button\">\r\n            <span class=\"telegram-icon\">\r\n                <svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" viewBox=\"0 0 496 512\">\r\n                    <path fill=\"white\" d=\"M248,8C111,8,0,119,0,256s111,248,248,248s248-111,248-248S385,8,248,8z M362,177L320,367c-3,14-10,18-20,14l-56-41l-27,26 c-3,3-5,5-10,5l4-63L323,196c5-5-1-7-8-3l-98,62l-42-13c-9-3-10-9,2-14l162-63C351,160,365,164,362,177z\"\/>\r\n                <\/svg>\r\n            <\/span>\r\n            Join Our Telegram Channel\r\n        <\/a>\r\n    <\/div>    <\/div> the U.S., also closed its doors, suggesting the financial panic had spread.<\/p>\n<p>Many bank stocks plummeted in early trading. First Republic Bank dropped 65% before trading was halted; Western Alliance Bancorp fell almost 60%. Charles Schwab, the eight-largest U.S. bank, dropped nearly 10%.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Startup-focused lender Silicon Valley Bank Financial Group became the largest bank to fail since the 2008 financial crisis, in a sudden collapse that roiled global markets, left billions of dollars belonging to companies and investors stranded Silicon Valley Bank, the nations 16th largest bank, collapsed on Friday, forcing a government takeover and calling into question &#8230; <a title=\"Silicon Valley Bank Collapse: The Biggest Bank Failure Since\n2008\" class=\"read-more\" href=\"https:\/\/exam.pscnotes.com\/current-affairs\/silicon-valley-bank-collapse-the-biggest-bank-failure-since2008-2\/\">Read more <span class=\"screen-reader-text\">Silicon Valley Bank Collapse: The Biggest Bank Failure Since<br \/>\n2008<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[595],"tags":[865],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v22.2 (Yoast SEO v23.3) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Silicon Valley Bank Collapse: The Biggest Bank Failure Since 2008 - Current Affairs Exam<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/exam.pscnotes.com\/current-affairs\/2024\/06\/14\/silicon-valley-bank-collapse-the-biggest-bank-failure-since2008-2\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Silicon Valley Bank Collapse: The Biggest Bank Failure Since 2008\" \/>\n<meta property=\"og:description\" content=\"Startup-focused lender Silicon Valley Bank Financial Group became the largest bank to fail since the 2008 financial crisis, in a sudden collapse Subscribe on YouTube that roiled global markets, left billions of dollars belonging to companies and investors stranded Silicon Valley Bank, the nations 16th largest bank, collapsed on Friday, forcing a government takeover and ... 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