Silicon Valley Bank collapsed at a speed not seen since a rogue trader brought down Barings, says Bank of England’s Bailey

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28 Mar 2023 0 shares 1 views

Silicon Valley Bank collapsed at a speed not seen since a rogue trader brought down Barings, says Bank of England’s Bailey

Upworthy

Published 28 Mar 2023

The collapse of Silicon Valley Bank occurred at a speed not seen since a rogue trader killed off the two-centuries old Barings merchant bank in the 1990s, said Bank of England governor Andrew Bailey. Speaking before a Treasury Committee in Parliament on Tuesday on the same day U.S. regulators are…

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Silicon Valley Bank collapsed at a speed not seen since a rogue trader brought down Barings, says Bank of England’s Bailey

Silicon Valley Bank collapsed at a speed not seen since a rogue trader brought down Barings, says Bank of England’s Bailey

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