Live Breaking News & Updates on Ahmad Khamati Yazd

California-based commercial lending giant Silicon Valley Bank had its charter revoked and was transferred into receivership on March 10 after a bank run – which occurs when too many clients try to get their money out at once. The collapse sent shockwaves rippling across the financial world. What exactly happened? And what’s next? Sputnik explains. ....

United States , United Kingdom , White House , District Of Columbia , Jerome Powell , Janet Yellen , Michael Zucker , Igor Gerasimov , Ahmad Khamati Yazd , Michelle Draper , Gavin Newsom , Daniel Beck , Santa Clara , Benjamin Netanyahu , Gabor Gurbacs , David Tawil , Erik Voorhees , Peter Schiff , Greg Becker , First Republic Bank , Silicon Valley Bank , Deposit Insurance Corporation , Deposit Insurance National Bank , European Commission , Federal Reserve , Development Bank ,