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The parent company of Silicon Valley Bank has filed for bankruptcy.First Republic Secures Aid

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The parent company of Silicon Valley Bank has filed for bankruptcy.First Republic secures aid – CBS News

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The parent company of Silicon Valley Bank filed for Chapter 11 bankruptcy this morning.The New York Times business and policy correspondent Lauren Hirsch spoke to CBS News about the move as a collapse of local banks. We discussed how it would be different and the state of the US banking system after the First Republic aid package.

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Written by Natalia Chi

Chicago Popular; Chicago breaking news, weather and live video. Covering local politics, health, traffic and sports for Chicago, the suburbs and northwest Indiana.

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