SVB Halted Operations Due To FED’s Money Policy After Inflation Crisis

Silicon Valley Bank (SVB), the largest 16th bank in the United States, has experienced the country’s largest bank failure since 2008. The technology sector’s year-long downsizing, in response to the Fed’s tightening policy, eventually affected the major bank, causing heavy global market impacts.

One of the most important banks in Silicon Valley, the center of technology and computing in the United States, Silicon Valley Bank (SVB) has undergone one of the biggest bankruptcies in the country’s history. The Federal Deposit Insurance Corporation (FDIC) swiftly took over the bank’s assets and accounts while the failure of SVB severely shook the general market. It was announced that all insured deposit holders will have full access to their deposits by March 13th.

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