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A Look at Bank Solvency
Recent challenges in the U.S. banking system have led to the second largest bank failure in U.S. history this past Friday, followed by a combined liquidity backstop on Sunday night by the U.S. Treasury Department, Federal Reserve, and FDIC to prevent bank runs across small and medium-sized banks. Silicon Valley Bank was a top-20 bank in the United States by asset size, and a large percentage of venture capital backed startups in the country had a connection with them. In just a two-day stretch between March 8th and March 9th, it faced a bank run and collapsed. Their CEO was also a board member of the Federal Reserve ... (full story)