Latest Developments In Banking Sector Crisis. All You Need To Know

SVB, a key lender to the tech industry since the 1980s, became earlier this month the biggest US bank to fail since the 2008 global financial crisis following a run on deposits.

Silicon Valley Bank is being largely acquired by another US lender in the latest fallout from three weeks of turbulence in the financial sector.

Here are the most recent developments:

- SVB takeover -

SVB, a key lender to the tech industry since the 1980s, became earlier this month the biggest US bank to fail since the 2008 global financial crisis following a run on deposits.