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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 Play Online, After weeks of divergence, banking stocks gained consensus with VPB up 7.7%, CTG up 5%, BID up 2.7% and VCB up 1.3%.
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After joining former Prime Minister Andrej Babis to win the right to the second round of the presidential election, Mr. Pavel won with nearly 58% of the vote. Vblink Games, This is the second largest commercial bank failure in US history, after the collapse of Washington Mutual (WaMu) bank in 2008 during the financial crisis .
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British Prime Minister Rishi Sunak said on March 10 that he was in discussions with the United States and the European Union (EU) about the US Inflation Reduction Act, amid concerns that the law could make markets worse. Europe lost its competitiveness. orionstars android Established in 1983, SVB is the 16th largest commercial bank in the US and for a long time has been a solid financial support for about 50% of the total number of science and technology companies and startups in this country.