FDIC Closes Silicon Valley Bank to Protect Depositors

The Federal Deposit Insurance Corporation (FDIC) has decided to wind down the operations of Silicon Valley Bank (NASDAQ:SVIB), following a capital deficit and an effective run on the bank. SVB has long been a top business bank for startups based in Silicon Valley and around… Read More
Read more in: Fintech, Politics, Legal & Regulation | Tagged california department of financial protection and innovation, erin platts, fdic, silicon valley bank, Silicon Valley Bank UK