Get all your news in one place.
100's of premium titles.
One app.
Start reading
The Independent UK
The Independent UK
National
Oliver O'Connell

Silicon Valley Bank collapses in second-biggest US bank failure ever

Silicon Valley Bank United States FDIC Washington Mutual
REUTERS

Regulators took over California-based Silicon Valley Bank on Friday in the second-biggest bank failure in US history.

The Santa Clara-headquartered bank was shuttered by the California Department of Financial Protection and Innovation, which appointed the Federal Deposit Insurance Corporation (FDIC) as the receiver.

Sign up to read this article
Read news from 100's of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Taylor Swift and Travis Kelce's Allegedly Scrapped Wedding Plans Revealed: 'Not a Children's Party'
Taylor Swift and Travis Kelce reportedly abandoned plans for a £5.2 million carousel before their New York wedding, according to media reports and unnamed sources.
International Business Times UK
International Business Times UK
Dancing With the Stars co-host responds to ex-contestant claiming show is ‘rigged’
Hit ABC competition series is currently airing season 35
The Independent UK
The Independent UK
These are the most mispronounced words in the US
Americans struggled to pronounce the name of a popular dog breed, a British sauce and a word from a hit Disney movie
The Independent UK
The Independent UK
Lana Del Rey Hands $100 to Woman Escaping Abuse, Sparking Online Debate
Lana Del Rey said she gave $100 and advice to a woman who approached her car in Los Angeles while fleeing an abusive relationship, prompting mixed online reactions.
International Business Times UK
International Business Times UK
“I’ve Never Seen This Before”: Animal-Trainer Stunned After A Budgie Naps In His Daughter’s Hair
One tiny budgie decided a young girl’s braids made the perfect bed, and even her animal-trainer dad had never seen anything like it.
Bored Panda
Bored Panda
5 Things You Should Never Put in a Hotel Room Safe Without Thinking Twice
Hotel room safes seem like the perfect solution for protecting valuables while you’re traveling. You check into your room, enter a four-digit code, and tuck...
Saving Advice
Saving Advice
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.
Download on the AppStore Get it on Google Play