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SVB CASE: HOW THE SILICON VALLEY BANK WENT BUST IN THREE DAYS

... the public about the insolvency of the credit institution. An order was issued transferring the bank into his possession. Then the Federal Deposit Insurance Corporation (FDIC) began to manage the bank. Considering that deposits of less than $250 thousand were insured, the organization announced plans to start paying customers from March 13. After the collapse of Washington Mutual, which happened in 2008, the bankruptcy of SVB can be called the second largest in history. At the time the organization ...

RETIREMENT COMMUNITIES OF THE US ARE GOING BANKRUPT

... organization, including Hurricane Harvey, which hit the United States in 2017 and the Covid-19 pandemic that began in 2020. Both facts had an impact on the community's ability to attract new clients for campus living, as well as generate income to pay off the debt obligations and cover expenses. The total amount of debt obligations exceeded $ 140 million. What is more, the organization announced a default on some debt obligations. Lifelong Caring Communities are also known as ‘life planning communities’ in ...

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