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As soon as some venture capital firms expressed concern about SVB's financial "health", a series of technology companies massively withdrew money from the bank and caused liquidity to drop rapidly. Finally, SVB - the 16th largest bank in the US on March 10 declared bankruptcy. This is the second largest commercial bank failure in US history after the collapse of Washington Mutual Bank (WaMu) in 2008 during the global financial crisis. SVB's investors and customers are now waiting to see if the bank can quickly find a buyer. During the 2008 financial crisis, Washington Mutual Bank found an immediate buyer, but IndyMac Bank, which went bankrupt in 2009, took about eight months to reach a buyout agreement. The speed of SVB's collapse has stunned the financial markets. SVB's shares began to decline on March 9, and then the impact gradually spread to other US and European banks. According to Reuters calculations, more than $ 100 billion of the market value of US banks was "wiped out" in two days 9-10/3. Vblink Casino Online, In this case, the People's Procuracy of Binh Thuan province also prosecuted Nguyen Thien Khiem (born in 1988, living in Duc Linh district, Binh Thuan); Vo Lam Truong (born in 2003, living in Phan Thiet city, Binh Thuan) and Tran Quoc Phong (born in 1994, living in Phan Thiet city, Binh Thuan) to bring to trial for the crime of intentionally damaging property according to the law. Article 178 of the Penal Code 2015 (amended and supplemented in 2017).
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