US Bank Has Failed, FDIC Has Taken Control

One US Bank Has Failed, Taken Over By FDIC

The 16th largest US bank has failed after sales of assets at a major loss caused the bank’s stock to tank and resulted in a bank run of Customers rushing to remove their deposits.

SOURCE: https://www.wsj.com/articles/svb-financial-pulls-capital-raise-explores-alternatives-including-possible-sale-sources-say-11de7522

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