Silicon Valley Crisis Explained In 5 Points

Wednesday, 15 March 2023Newsdesk

The fall of Sililcon Valley Bank and Signature Bank have sparked fears of a financial crisis similar to the 2008 global recession.

New Delhi 15 March 2023

As per news report of NDTV, The collapse of Silicon Valley Bank and Signature Bank within a week has stoked fears of a larger financial meltdown across regional US banks. The failures are two of the three biggest in US banking history, with the collapse of Washington Mutual in 2008 occupying the top spot. The fall of Washington Mutual led to a global recession, which lasted for nearly two years.

Source - NDTV