Silicon Valley Bank (SVB), #Silvergate Bank and Signature Bank — recently proved that more than 186 banks in the US are at risk of a similar #shutdown if depositors decide to withdraw all funds.

An analysis of the rising #inflation and concurrent collapse of Silicon Valley Bank proved that more than 186 banks in the U.S. are at risk of a similar #shutdown if depositors decide to withdraw all funds

Silicon Valley Bank (SVB), #Silvergate Bank and Signature Bank — recently proved that more than 186 banks in the US are at risk of a similar #shutdown if depositors decide to withdraw all funds.

An analysis of the rising #inflation and concurrent collapse of Silicon Valley Bank proved that more than 186 banks in the U.S. are at risk of a similar #shutdown if depositors decide to withdraw all funds.

Meanwhile, the #shutdown of SVB by U.S. authorities is reported to have fueled #speculation that Chipper Cash — a client of SVB — would be hard hit by the bank’s demise. 

 House of #Representatives from Massachusetts Barney Frank said he suspected the #shutdown was an “anti-crypto” message. If the rules concerning purchasing SVB and SNBY are true, then it seems Frank’s suspicions may be warranted.

The #marketplace’s #shutdown comes after its launch just over a year ago, on Feb. 3, 2022. 

The #shutdown makes it the first Federal #Deposit Insurance Corporation-insured bank to fail in 2023. 

The #shutdown makes it the first Federal #Deposit Insurance Corporation-insured bank to fail in 2023. 

#Social token platform ‘Rally’ announced on January 31 the #shutdown of its sidechain #blockchain network

After much debate and many delays, the US Congress agreed on a $1.7 trillion spending bill for 2023 to #avoid a partial government #shutdown.

Robi, BL, Teletalk want additional spectrum allocation during shutdown period.

#sim #shutdown