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Posted by Newsbytes

"Usually banks, like all companies, fail after a prolonged period of lackluster performance. But SVB, the nation’s 16th-largest bank, had been stable and highly profitable just a few months before, having earned about US$1.5 billion in profits in the last quarter of 2022. However, financial history is filled with examples of seemingly stable and profitable banks that unexpectedly failed".... Read more

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