Silicon Valley Bank FDIC closes Silicon Valley Bank and creates new entity vspace_10px.png Having ordered the closure of Silicon Valley Bank in the USA, FDIC has created "Deposit Insurance National Bank of Santa Clara" to which depositors' funds will be transferred - so long as they are insured. BIScom Subsection: Commercial banking spacer_20_tallx1_wide.png please_be_informed_front_page_article_separator.png Silicon Valley Bank and the risk of contagion goes beyond banking sector vspace_10px.png There are news reports that some USD58,000 million was "wiped off" the share value of the USA's four biggest banks as soon as trading started today. This matters to you. BIScom Subsection: Commercial banking spacer_20_tallx1_wide.png please_be_informed_front_page_article_separator.png
