In 1930s, 9000 Amrican Banks failed, there were huge runs on all of these banks there was no deposit insurance so people got worried and took all their money out at the same time and the whole thing collapsed, in the aftermath of the 2008 US financial crises 500 banks failed.
Now in 2023 , Silicon valley bank, Signature Bank, Silvergate Bank also Collapsed !!
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#SiliconValleyBank #Svb #SignatureBank #Silvergatebank
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US Bank default!
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