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As soon as some venture capital firms expressed concern about SVB's financial "health", a series of technology companies massively withdrew money from the bank and caused liquidity to drop rapidly. Finally, SVB - the 16th largest bank in the US on March 10 declared bankruptcy. This is the second largest commercial bank failure in US history after the collapse of Washington Mutual Bank (WaMu) in 2008 during the global financial crisis. SVB's investors and customers are now waiting to see if the bank can quickly find a buyer. During the 2008 financial crisis, Washington Mutual Bank found an immediate buyer, but IndyMac Bank, which went bankrupt in 2009, took about eight months to reach a buyout agreement. The speed of SVB's collapse has stunned the financial markets. SVB's shares began to decline on March 9, and then the impact gradually spread to other US and European banks. According to Reuters calculations, more than $ 100 billion of the market value of US banks was "wiped out" in two days 9-10/3. Vblink Download Link, “ I realize that going to foreign seas for illegal fishing is absolutely not advisable because if caught, you will be subject to heavy fines, sometimes equal to your income for several years fishing. I myself always remind relatives and friends when going out to sea to comply with the provisions of the law, do legitimate business, and absolutely not infringe on foreign waters,” shared Mr. Nguyen Van Viet.
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Earlier in the volatile session on March 20, the price of gold initially fell 1% but then reversed to skyrocket to the highest level since March 2022 at $ 2,009.59 an ounce. Investor sentiment was somewhat eased by measures taken by some central banks to prevent a banking crisis and stabilize global financial markets. orion stars 777 download for android, The Wall Street Journal on the same day reported that Warren had called on the authorities to conduct an investigation into the bankruptcies of two banks Silicon Valley Bank (SVB) and Signature Bank.
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