[Graphic News] US banks collapses since 2000
World BusinessMar 20, 2023
The demise of the 16th-largest bank in the US, Silicon Valley Bank, on March 10, followed by that of Signature Bank two days later, sent global banking stocks on a roller-coaster ride as investors feared another Lehman Brothers moment, the Wall Street giant whose failure triggered the global financial crisis more than a decade ago. Two large banks that cater to the tech industry have collapsed after a bank run, government agencies are taking emergency measures to backstop the financial system, a