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March 20, 2023
NEW YORK — The recent failures of Silicon Valley Bank and Signature Bank, which catered mostly to the tech industry, may have you worried about your money. They were the second- and third-biggest bank failures in U.S. history.
It all started on March 9, when too many depositors tried to withdraw their money from Silicon Valley Bank in Santa Clara, California. That's known as a bank run.
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