Exposed to risky loans, such as adjustable rate mortgages, Wachovia began to experience heavy losses in its loan portfolios during the subprime mortgage crisis. Once Washington Mutual was seized, Wachovia immediately lost a total of $5 billion in d ...
In 2023, Signature Bank, the 19th largest US Bank, was shut down after depositors withdrew large amounts of money when Silicon Valley Bank failed. Signature Bank had a high concentration of cryptocurrency customers with digital asset-related client ...
In 2023, customers pulled out $100B in deposits after Silicon Valley Bank failed.
In 2023, a big bet on long term securities made Silicon Valley Bank insolvent when interest rates spiked.
