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Tag: silicon valley bank collapse

23 Jul
Aerial view of Encamp, Andorra

What Happens When Banks Fail

It looked like 2023 was about to become another 2008. History repeating itself, fifteen years later… You probably watched the news at the time… After three banks collapsed in one week in America—including the second and third-largest banking failures in U.S. history (Silicon Valley Bank and Signature)—the FDIC and the Biden administration stepped in, guaranteeing [...]