SIlicon Valley Bank

First Republic Bank underwent a liquidity crisis after customers moved billions of deposits out of the bank in distress.

Even while Silicon Valley Bank was collapsing, it's officials were busing in organizing pride marches and other LGBTQ campaigns

Silicon Valley Bank and Signature Bank in America collapsed earlier this month which has raised concern among customers who hold their money in other similar-sized banks.

"They knowingly took a risk and when the risk didn’t pay off, investors lose their money. That’s how capitalism works,” said Joe Biden.

According to HSBC, SVB UK had a profit of £88m before tax for the financial year ending December 31 last year. It added that the bank had loans totalling £55 bn, deposits of around £7bn and tangible equity of around £1.4bn as of March 10, 2023.

The decision to shut down New York-based Signature Bank came on the heels of Silicon Valley Bank's failure on Friday

The SVC co-operative bank has a total business of over ₹31,500 crores, 2300 employees and is spread across 11 States in India.

Bill Ackman had earlier conceded that his judgment was based on the cursory reading of the Hindenburg Research report and Adani's response.

On March 10, the Federal Deposit Insurance Corporation (FDIC) announced the shutdown of the US-based Silicon Valley Bank (SVB) and the seizure of its assets.