The biggest bank bankruptcy in the past 15 years in America

The largest banking bankruptcy in the United States in the past 15 years

The announcement of the closure of Silicon Valley Bank, which is considered the most significant financial institution bankruptcy in America since the 2008 financial crisis, has raised concerns among investors in the financial markets.

This bank, known by its abbreviation SVB, was closed on Friday by US authorities. The Federal Deposit Insurance Corporation now has control over the financial services and banking operations of the company. It is expected that this bank will reopen on Tuesday under a new name.

Silicon Valley Bank, which faced a wave of customers trying to withdraw their deposits, attempted to increase its capital but was unsuccessful in its efforts.