Skittish savers can protect their deposits in many different ways if they are uneasy about the safety of their money after the failure of Silicon Valley Bank
The abrupt collapse of the Silicon Valley Bank, the second-biggest bank failure in U.S. history, prompted regulators to impose emergency measures to stem the fallout.
WSJ’s Rachel Ensign explains how the crisis unfolded and what could happen next. Photo: Jeff Chiu/Associated PressSkittish savers can protect their deposits in many different ways if they are uneasy about the safety of their money after the
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Silicon Valley Bank's UK branch shut down by Bank of EnglandThe Bank of England (BoE) released a statement on Mar. 10 stating that it will be applying to the court to place Silicon Valley Bank UK branch (SVB UK) into a “Bank Insolvency Procedure.' It added that in the interim, the firm will 'stop making payments and deposits.'
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Bank of London bids to acquire Silicon Valley Bank's UK armThe Bank of London is leading a consortium of private equity firms seeking to purchase SVB's arm in the United Kingdom.
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