SILICON VALLEY BANK SHUT DOWN: NOW YOU KNOW WHY THE MODI GOVERNMENT THROWS RATING AGENCIES’ REPORTS TO DUSTBIN

Silicon Valley Bank
Photo courtesy: TFI Post

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/

 

Visit www.werindia.com OR Hindi.werindia.com to read news from 500+ news sources... आपका अपना डिजिटल अख़बार |



     
  • 13 Mar 2023
  • WerIndia

Leave a Reply


Recommended for you

Your Opinion

For nearly 10 years, we have had a strong single party led government at the national level. For the coming Lok Sabha elections, do you as a Voter want:

View Results

Loading ... Loading ...

View Older Polls

आपकी राय

लगभग 10 वर्षों से, हमारे पास राष्ट्रीय स्तर पर एक पार्टी के नेतृत्व वाली मजबूत सरकार रही है। आगामी लोकसभा चुनाव के लिए, एक मतदाता के रूप में आप क्या चाहते हैं:

View Results

Loading ... Loading ...

View Older Polls