This is one of the most significant bank failures in the United States since the 2008 economic and financial crisis.
Among the previous bankruptcies, the bankruptcy of HBOS (UK) on September 17, 2008, worth £690 billion (€762 billion) in terms of assets, stands out.
It is followed by that of Washington Mutual (USA), on September 25, 2008, with assets of $307 billion (€288 billion), and now SVB, which has assets of $209 billion (€196 billion).
This list also includes the German SachsenLB, which closed on August 26, 2007, with assets of 67 billion euros, the British Bradford & Bingley, which closed on September 29, 2008, with assets of 35 billion pounds sterling (59 billion euros) and the North American IndyMac, which ended in July 11, 2008, with assets of $32 billion (€30 billion).
These institutions were all retail banks, accessible to all individuals.
But the financial crisis was also marked by the bankruptcy of many investment and financing banks, led by Lehman Brothers, which closed on September 15, 2008, with assets of $639 billion (600 billion euros).
Emily Brontë is a journalist and feature writer specialising in culture, entertainment, literature, and current affairs. She is dedicated to producing clear, accurate reporting that helps readers stay informed about developments in the UK and around the world.
