At the end of last week, the news came out that the large US Bank, Silicon Valley Bank (SVB) “collapsed suddenly” and taken over by the FDIC. Below are two videos from independent media journalists covering this story. The first is just a quick runthrough of the facts:
Done deal.
https://abcnews.go.com/Business/federal-regulators-race-seize-sell-republic-bank/story?id=98962248