Bank Failures 2024 Svb

Bank Failures 2024 Svb. Government intervention played a big. On friday, silicon valley bank, a lender to some of the biggest names in the technology world, became the largest bank to fail since the 2008 financial crisis.

Investors are now on edge about whether its demise could spark a broader banking. Washington — the senate banking committee held its first hearing tuesday into the collapse of silicon valley bank and signature bank, featuring a roster of important players in the 2024.