On March 10, Silicon Valley Bank was closed by financial regulators, making it not only the first bank to fail since the 2008 financial crisis, but also, given the fact that they had over $175 billion worth of deposits, they are the second largest bank to fail in all of U.S. history. But then, it got worse: just yesterday, another bank also suddenly failed.
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Banks Begin Failing as Biden Authorizes FDIC Takeover: How to Prepare | Facts Matter
