U.S.: Largest collapse of financial institution since 2008 crisis; Musk open to buying SVB
Edited By WION Video Desk
Published: Mar 12, 2023, 03:05 IST | Updated: Mar 12, 2023, 03:05 IST
After the U.S. regulators pulled the plug on Silicon Valley Bank, the Federal Deposit Insurance Corporation (FDIC) was called to take over the institution and hand over the sale of its assets. Employees of the fallen bank has been offered 45 days of employment at one and a half times their previous salary.
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