Tag: New York Community Bank

  • The Silicon Valley had a storm over the weekend

    The Silicon Valley had a storm over the weekend

    US-based Silicon Valley Bank, the second-largest US bank to fail since 2008, shut its doors on Friday with regulators seizing control of its assets and converting them to New York Community Bank for $38.4 billion. The bank has been shut down by the Federal Deposit Insurance Corporation (FDIC) in the highest-ever failure of an American…