The failure of Silicon Valley Bank (NASDAQ: SIVB) quickly led to the California Department of Financial Protection and Innovation to close the institution last Friday and name the Federal Deposit Insurance Corporation, or FDIC,
The financial world is closely monitoring the aftermath of the collapse of SVB Financial Group's (NASDAQ: SIVB) Silicon Valley Bank, Benzinga has been providing the latest updates on the biggest bank failure in over 10 years after SVB was
Pershing Square Capital Management’s Bill Ackman is calling out not only the management at Silicon Valley Bank, but also the federal government for not properly monitoring the bank’s activity, leading to the collapse of the SVB Financial Group (NASDAQ: SIVB)