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As soon as some venture capital firms expressed concern about SVB's financial "health", a series of technology companies massively withdrew money from the bank and caused liquidity to drop rapidly. Finally, SVB - the 16th largest bank in the US on March 10 declared bankruptcy. This is the second largest commercial bank failure in US history after the collapse of Washington Mutual Bank (WaMu) in 2008 during the global financial crisis. SVB's investors and customers are now waiting to see if the bank can quickly find a buyer. During the 2008 financial crisis, Washington Mutual Bank found an immediate buyer, but IndyMac Bank, which went bankrupt in 2009, took about eight months to reach a buyout agreement. The speed of SVB's collapse has stunned the financial markets. SVB's shares began to decline on March 9, and then the impact gradually spread to other US and European banks. According to Reuters calculations, more than $ 100 billion of the market value of US banks was "wiped out" in two days 9-10/3. Vblink Ev Charging, Ole Hansen, head of commodity strategy at Saxo Bank (Denmark), said the pressure stemmed from the continued fragile state of the market.
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He added: “To ensure the ability to continue to serve as the foundation of integrated deterrence, we are recapitalizing every branch of the nuclear triad as well as communication and control systems. nuclear command.” vblink 777 According to Sky News television channel on March 12, British banks were given a 24-hour deadline to rescue SVB's branch in the country, before the Bank of England (BoE) officially put this bank in the banking system. bankrupt.