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is your bank next Silicon Valley Bank was the home of tech startups the 16th largest lender in America it collapsed on March 10th the biggest lender to do so since the global financial crisis Silicon Valley Bank collapsed in less than three days now mind you this was preceded by the collapse of silvergate bank which had 12 billion dollars in customer deposits crypto Bank silvergate shutting down announcing it will wind down operations and liquidate in the wake of industry and Regulatory headwinds no it appears that this has caused a domino effect or what many are referring to as contagion because the third largest bank failure in U.S history happened only two days later meanwhile Signature Bank marks the third largest bank failure in U.S history now at this point Im thinking okay three is the magic number there will be no more but I was wrong california-based First Republic Bank becomes the third U.S Bank this week rescued from collapse so now Im thinking Okay this may be an American
