US monetary regulators have introduced {that a} California-based financial institution recognized for lending to startups has filed for chapter. The complete belongings of this financial institution are greater than 200 billion {dollars}, or about 28 trillion yen in Japanese yen, making it the second largest financial institution failure within the United States after the failure of a financial savings financial institution in 2008.
Source
Silicon Valley Bank goes bankrupt Second largest US financial institution failure | NHK
