Silicon Valley Bank, California failed on?
Correct answer: A. March 10, 2023
- A. March 10, 2023
- B. March 09, 2023
- C. March 12, 2023
- D. None of theseMachine Learning & Artificial Intelligence
Explanation
California regulators closed Silicon Valley Bank on 10 March 2023 after a sudden bank run and liquidity crisis. The failure became the largest US bank collapse since the 2008 financial crisis at that time.
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About Global Economy
Global economy covers growth, inflation, interest rates, exchange rates, public debt, trade and employment across major economies. It also includes the work of the IMF, World Bank, WTO and central banks, along with oil and commodity prices, supply-chain disruptions, sanctions, trade agreements and the economic effects of international crises.
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