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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 App, In addition, the city focuses on production development, agricultural restructuring associated with sustainable new rural construction on the basis of promoting cooperation, association and application of scientific and technological advances; focus on implementing solutions for economic development, income improvement, environmental sanitation and food safety.
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With his granddaughter, witness, former prisoner of Con Dao prison - Mr. Hoang Gia Luong said that his generation was trained to join the war. But stepping out of the war, the country was poor and ruined, the soldiers were not qualified to build the country in the new context. Therefore, he entrusts the belief and task of continuing to build and protect the country to the young generations. play.orion stars Economic recovery and development in the direction of green and sustainable growth is currently a top priority and a goal that every country is aiming for.