Tag Archives: Silicon Valey Bank

Bank failures: The specter of crisis once again looms over capitalist economies S. Mavroudeas Department of Social Policy Panteion University THE BANKRUPCIES On 10/3, California-based Silicon Valley Bank (SVB) became the largest bank to fail since the financial crisis of 2008. It was the 16th largest US commercial bank. It specialized in transactions with technology and healthcare companies and particularly in investments in start-up companies. SVB’s bankruptcy was...

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