The collapse of the 16th bank in terms of assets in the US caused a drop in stock prices on the New York Stock Exchange.

The problems with Silicon Valley Bank, which mainly serves clients in Silicon Valley, including startups, became known on Wednesday.

It turned out that the bank lost significant funds by keeping depositors' money in government bonds, the prices of which have fallen sharply over the past year due to the increase in the discount rate by the Federal Reserve as an anti-inflation measure.

The management of the bank tried to conduct an additional issue of shares, but the information leaked to the press caused panic among investors.

The issue of shares had to be abandoned, and the attempt to find a buyer for the bank ended in nothing after the Federal Deposit Insurance Corporation announced that the bank would be transferred to its control.

The collapse of a relatively large regional bank with a good reputation caused serious anxiety on Wall Street.

The main question is whether this case is a sign of deeper problems in the American banking industry.

Shares of several regional banks tumbled, while losses for major banks were modest.

According to analysts, Silicon Valley Bank occupied a special niche in the banking sector, serving a circle of clients mostly limited to Silicon Valley, its problems are likely not characteristic of the entire sector.

On Friday, US Treasury Secretary Janet Yellen discussed the situation with representatives of the Federal Reserve System and the Deposit Insurance Corporation.

Yelena expressed confidence in the reliability of the banking system and in the presence of regulatory financial services of all necessary instruments to maintain its stability.

Deposits of Americans are insured by the federal government in the amount of up to 250 thousand dollars.

• The collapse of Silicon Valley Bank is the biggest since 2008.

  His assets amounted to more than 200 billion dollars.

• In 2008, Washington Mutual bank with $300 billion in assets became a victim of the financial crisis.

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