SILICON VALLEY BANK AND SIGNATURE BANK COLLAPSE IN THE USA! CAN THE CRISIS OF 2008 REPEAT?
The world is talking about the bank crisis in the USA. Before the collapse of 2 banks in the USA not cooled down, another bank collapsed in the new week. Silvergate Bank, Silicon Valley Bank and now New York-based Signature Bank collapsed. After the crisis, US President Joe Biden and Treasury Secretary Janet Yellen made consecutive statements.
The series of crises in the USA started with Silvergate Bank, which operates focused on crypto markets. This crisis was followed by the collapse of Silicon Valley Bank (SVB), which ranks 16th among the big banks of the USA. After SVB, Signature Bank collapsed this week.
THE LARGEST GLOBAL FINANCIAL CRISIS SINCE 2008!
The collapse of Silicon Valley Bank became one of the biggest bank collapses recorded in the USA since the 2008 global financial crisis. The largest such collapse was experienced by Washington Mutual during the 2008 crisis.