Federal Regulators Shut down SVB Bank after Shares Plunge and Halted
After failing to raise capital, Silicon Valley Bank Financial (SIVBP) is in talks to sell itself. As of 9:41AM March 10, 2013, federal regulators have shut the bank down. CNBC reported, “Large financial institutions are taking a look at a potential purchase of SVB, but a rapid outflow of deposits is making that sale process … Continue reading Federal Regulators Shut down SVB Bank after Shares Plunge and Halted
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