Silicon Valley Bank was taken over by regulators today following a week of abnormality that included a sale of securities on Wednesday, capital raising efforts on Thursday and a stock plummet of nearly 70% this morning. “The California Department of Financial Protection and Innovation (DFPI) announced today that, pursuant to California Financial Code section 592, […]
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- Source: https://bankautomationnews.com/allposts/business-banking/as-svb-tanks-banks-look-to-deposit-diversification-data-tech/
