The depositors of the Californian Silicon Valley Bank, stormed the branches in an attempt to take money away from the account, after the news of liquidity crisis and the commissioner.
The bank was no longer able to cope with the massive withdrawals of its customers, mainly technology players, and its latest attempts to raise liquidity have not borne fruit. The US authorities then took possession of the institute and entrusted its management to the agency responsible for guaranteeing deposits. Investors will recover up to $250,<>, but in this case, it seems that many had entered a higher figure.
This is the biggest failure of a U.S. woman since the 2008 financial crisis.
As it was easy to imagine in this context, Wall Street closed lower with the Dow Jones at -1.07% and the Nasdaq, the index of technology stocks, at -1.76%.