The Silicon Valley Bank (SVB) was placed under the control of the deposit insurance agency (FDIC) on Friday, in line with the institution’s bankruptcy.
This is one of the largest bank failures in the US since the 2008 economic and financial crisis.
From previous bankruptcies by assets, HBOS (UK) stands out on 17 September 2008 with £690 billion (€762 billion).
They are followed by Washington Mutual (USA) on September 25, 2008 with $307 billion (€288 billion) in assets and now this Friday SVB with $209 billion (€196 billion) in assets. .
The list also includes Germany’s SachsenLB, which closed on August 26, 2007, with €67 billion in assets, Britain’s Bradford & Bingley, which closed on September 29, 2008, with £35 billion (€59 billion) in assets, and North America’s. IndyMac ended July 11, 2008 with $32 billion (€30 billion) in assets.
All of these institutions were retail banks available to all people.
But the financial crisis was also marked by the failure of several investment and financial banks, namely Lehman Brothers, which closed on September 15, 2008 with $639 billion (€600 billion) in assets.
Author: Portuguese
Source: CM Jornal
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