Beijing Review

A Quadrillion Dollars Used to Be a Lot of Money

n March 10, Silicon Valley Bank, the 16th largest bank in the United States, became the second largest banking bankruptcy in U.S. history. It was the third U.S. lender to collapse in a week, following Signature Bank and the crypto-focused Silvergate Bank. Although analysts argue the “contagion” risk from the melt-downs is limited, there is reason to believe the situation could become

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