Cops Called After Freaked Clients Show Up to Silicon Valley Bank’s NYC Office

BANK RUN

The FDIC seized SVB’s $209 billion in assets on Friday, marking the biggest bank failure since the 2008 financial crisis.

Reporter

Published Mar. 10 2023 2:18PM EST

2023-03-10T190209Z_1272079471_RC26RZ9GE1UQ_RTRMADP_3_GLOBAL-MARKETS-BANKS_acq7ci — David Dee Delgado/Reuters

Police responded to Silicon Valley Bank’s (SVB) New York offices on Friday as panicked clients demanded their money amid the institution’s shocking implosion.

The Federal Deposit Insurance Corporation (FDIC) seized

Justin Rohrlich

Reporter

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Cops Called After Freaked Clients Show Up to Silicon Valley Bank’s NYC Office

The FDIC seized SVB’s $209 billion in assets on Friday, marking the biggest bank failure since the 2008 financial crisis.

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