SVB crisis: How a little-known bank plunged markets globally into chaos
BSWebTeam Last Updated at March 13, 2023 17:47 IST
SVB crisis: How a little-known bank plunged markets globally into chaos
On 10th March, a relatively lesser-known California bank became the centre of attention in the markets. Silicon Valley Bank's shares plummeted by 86%, and customers rushed to the bank to withdraw their deposits, forcing the company to suspend trading.
What caused this sudden collapse and what happens to the bank's customer's now. Watch the video to know. #siliconvalleybank #financialcrisis #banks
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