BYJU'S IAS's video: Silicon Valley Bank Shut Down Biggest Bank Failure Since 2008 Silicon Valley Bank Collapse UPSC

Recently, Silicon Valley Bank (SVB) was shut down by the California Department of Financial Protection and Innovation. The Silicon Valley Bank has hence become the largest bank to fail since the 2008 financial crisis and the second largest in the history of the U.S.A. The Silicon Valley Bank failure has put nearly $175 billion in customer deposits under the control of the Federal Deposit Insurance Corp.  The collapse of SVB has had a significant impact on startups, with many unable to withdraw money from the bank. Why did the Silicon Valley Bank Fail? What happened to the Silicon Valley Bank? How will US authorities rescue depositors' money from Silicon Valley Bank? How will Silicon Valley Bank's resolution affect depositors? Who is Greg Becker, the head of the failed bank? What can Indian Start-ups learn from Silicon Valley Bank Failure? for answers to all these questions and much more, watch this video. Don't forget to like, share and subscribe to our YouTube channel for more such current affairs videos for your UPSC preparation. For Complete Revision of Important Current Affairs for Prelims 2023, Watch Target Prelims 2023. Download the BYJU'S Exam Prep App Now! 👉 https://click.gradeup.co/Fqr0/ytIASEng Target Prelims 2023 Phase 2 Timetable (9th March - 14th April 2023): 👉 https://cdn1.byjus.com/wp-content/uploads/2023/03/Target-Prelims-2023-Phase-2-Schedule.pdf Join us on Telegram for all the latest updates: 👉 https://t.me/BYJUSEXAMPREPIAS Subscribe to "BYJU’S IAS" Channel: 👉 https://www.youtube.com/c/BYJUSIAS?sub_confirmation=1 Subscribe to our “BYJU’S IAS Hindi” Channel: 👉 https://www.youtube.com/c/BYJUSIASHindi?sub_confirmation=1 To provide you with the comprehensive Economy study material and make Indian Economy easier, we bring to you - 'Indian Economy Essentials'. Join us for topic-wise daily updates on Economy current affairs important for your UPSC Exam. Get a unique perspective into important economy topics for UPSC along with in-depth analysis of important Economic Events. Register FREE - BYJU’S National Scholarship Test (BNST) for IAS 👉 https://byjus.com/bnst-ias/?utm_source=youtube-organic-byjus-ias-english&utm_medium=meblpD-b8TI&utm_campaign=yt-o-ias-english-bnst-ias Top Playlists for UPSC Civil Services Exam (CSE): Economy Essentials Playlist: 👉 https://www.youtube.com/watch?v=XYUz8qj5VpQ&list=PLkJ-kjtioPGpzTqU1bZMWrNc762Svl5Iz Polity Essentials Playlist: 👉 https://www.youtube.com/watch?v=8ePMJe_4XFg&list=PLkJ-kjtioPGpeXzbSbywGsh45vfXhAX2f The Hindu News Analysis 2023 Playlist: 👉 https://www.youtube.com/playlist?list=PLkJ-kjtioPGq0irmVZqQ8bQFu5ki1wPtz Strategy Series Playlist: How To Prepare for UPSC Prelims & Mains? 👉 https://www.youtube.com/playlist?list=PLkJ-kjtioPGpBrUTnM9OMjnbduyHSFpQL Target Prelims 2023 Daily Quiz Playlist: 👉 https://www.youtube.com/playlist?list=PLkJ-kjtioPGrLDbvn9mM8QexvnOaSynfO Knowledge Series Playlist | Cover 100+ Key Static Topics: 👉 https://www.youtube.com/playlist?list=PLkJ-kjtioPGrQ_jYd2rnFyvc4BUSEA8vL The Big News Playlist | Watch & Understand Big Breaking News: 👉 https://youtube.com/playlist?list=PLkJ-kjtioPGogCeqQdQMGkIKtFzIlx-eN Economy This Week Playlist: 👉 https://www.youtube.com/playlist?list=PLkJ-kjtioPGrnAYrBxGA1Z5P26LJo4zMJ International Relations This Week Playlist: 👉 https://www.youtube.com/playlist?list=PLkJ-kjtioPGrNey7ZDJXpdCGDKSvFFIR1 Explained Playlist | In-depth Analysis of Weekly Current Affairs: 👉 https://www.youtube.com/playlist?list=PLkJ-kjtioPGqlUxUXouzs6wKfjXvkg2xA For Current Affairs videos in Hindi visit: @BYJUSIASHindi For more information on BYJU'S IAS courses, call us on: +91-9538419666 Happy Learning! @BYJUSIAS