With federal regulators planning to take over the collapsed Silicon Valley Bank, a 40-year-old institution based in California, nearly $175 billion in customer deposits will be placed under the authorities’ control.
The lender’s demise is the second-largest bank failure in U.S. history and the largest since the financial crisis in 2008. The debacle raised c ... Show More
May 15
Lessons From the Hantavirus Outbreak
Inside a hospital in Nebraska, 16 Americans who may have been exposed to the hantavirus have begun an unusually long quarantine. In some cases, it will last up to 42 days. Apoorva Mandavilli, who covers global health for The New York Times, explains what is known about the deadly ... Show More
27m 12s
Mar 2023
What Does The Collapse of Silicon Valley Bank Mean For Your Money?
The biggest bank failure since the 2008 financial crisis is stoking fears of a larger financial meltdown across regional US banks. Silicon Valley Bank, a key lender for startups and the tech industry, collapsed last week. As regulators take over, many people around the country ar ... Show More
21m 31s
Mar 2023
The Death of Silicon Valley Bank
<p>On 7th March, Silicon Valley Bank tweeted, “Proud to be on @Forbes’ annual ranking of America’s Best Banks…”</p>
<p>By 10th March, SVB’s stock price had tanked by 60% and the bank was taken over by an arm of the US government.</p>
<p>What on earth happened?</p>
<p>In today’s e ... Show More
10m 12s