SILICON VALLEY BANK SHUT DOWN: NOW YOU KNOW WHY THE MODI GOVERNMENT THROWS RATING AGENCIES’ REPORTS TO DUSTBIN
On Friday, March 10, 2023, Americans shocked the world again with the announcement that SVB had been shut down. The Federal Deposit Insurance Corporation (FDIC) informed the public that the bank’s assets have been seized. In a statement, the FDIC said, “Silicon Valley Bank, Santa Clara, California, was closed today by the California Department of Financial Protection and Innovation, which appointed the Federal Deposit Insurance Corporation (FDIC) as receiver. To protect insured depositors, the FDIC created the Deposit Insurance National Bank of Santa Clara (DINB). At the time of closing, the FDIC, as receiver, immediately transferred to the DINB all insured deposits of Silicon Valley Bank.”
Read more at: https://tfipost.com/2023/03/svb-shut-down-now-you-know-why-the-modi-government-throws-rating-agencies-reports-to-dustbin/
- 13 Mar 2023
- WerIndia
Loading ...
