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Silicon Valley Bank closed down by regulators
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Silicon Valley Bank was closed down by the California Department of Financial Protection and Innovation on 10 March, according to a news release by from the Federal Deposit Insurance Corporation.
Shares of SVB Financial Group plummeted as much as 66% in premarket trading before the stock was halted for news pending.
Read more on fnlondon.comAbout this in other media
FDIC to attempt another auction of Silicon Valley Bank: Report cointelegraph.com /1 year ago
Shareholders file lawsuit against Silicon Valley Bank, alleging fraud: Report cointelegraph.com /1 year ago
Silicon Valley Bank collapse: How SVB stock price performed in 5 years cointelegraph.com /1 year ago
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