California banking regulators on Friday closed SVB Financial Group , the largest bank failure since the financial crisis, moving quickly to protect depositors as a crisis at the startup-focused lender rippled through global markets and hit banking stocks.
SVB logo and decreasing stock graph are seen in this illustration taken March 10, 2023. REUTERS/Dado Ruvic/Illustration/File Photo, the largest bank failure since the financial crisis, moving quickly to protect depositors as a crisis at the startup-focused lender rippled through global markets and hit banking stocks.
The regulator appointed the Federal Deposit Insurance Corporation as receiver. The failure of troubled tech-lender SVB Financial Group's
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