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Bank with $1 billion in losses collapses

A major US bank that has been teetering on the edge of collapse in the past week has officially gone under. On Wednesday local time (Thursday night Australian time), Silvergate Capital announced it had gone into voluntary liquidation. “In…

Bank on brink of collapse after $1b loss

A US bank is on the brink of collapse as the business is in the process of deciding whether it is viable for the company to continue operating. On Wednesday night local time, Silvergate Capital announced to the country’s corporate…