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Collapse of Silicon Valley Bank. On March 10, 2023, Silicon Valley Bank (SVB) failed after a bank run, marking the third-largest bank failure in United States history and the largest since the 2007–2008 financial crisis. [ 1][ 2] It was one of three bank failures, along with Silvergate Bank and Signature Bank, in March 2023 in the United States.
The 2023 United States banking crisis was a series of bank failures and bankruptcies that took place in early 2023, with the United States federal government ultimately intervening in several ways. Over the course of five days in March 2023, three small-to-mid size U.S. banks failed, triggering a sharp decline in global bank stock prices and ...
The I-35W Mississippi River bridge (officially known as Bridge 9340) was an eight-lane, steel truss arch bridge that carried Interstate 35W across the Mississippi River one-half mile (875 m) downstream from the Saint Anthony Falls in Minneapolis, Minnesota, United States. The bridge opened in 1967, and was Minnesota's third busiest, [ 4][ 5 ...
A rare flash flood emergency was issued for parts of Long Island after a slow-moving storm caused major damage, including a collapsed road in Stony Brook.
The saga surrounding the bankruptcy of Synapse, a 10-year-old fintech firm, puts a new spotlight on how loose webs of partnerships between venture-backed upstarts and FDIC-backed lenders can go so ...
The Double Arch at Glen National Recreation Area in Utah pictured before the Thursday, Aug. 8, 2024, collapse. The Double Arch, which was affectionately also called the “Toilet Bowl, Crescent ...
Stock market instability. COVID-19 recession. On 20 February 2020, stock markets across the world suddenly crashed after growing instability due to the COVID-19 pandemic. It ended on 7 April 2020. Beginning on 13 May 2019, the yield curve on U.S. Treasury securities inverted, [ 1] and remained so until 11 October 2019, when it reverted to ...
The death toll from a collapsed highway in southeastern China climbed to 48 on Thursday as searchers dug for a second day through a treacherous and mountainous area. One side of the four-lane ...