california
By Mohammed Kudrati Silicon Valley Bank, a startup-focused lender based in California, was taken over by regulators late on Friday due to its poor capital conditions. Earlier in the day, its customers raced to withdraw nearly $42 billion according to the Financial Times, nearly a quarter of its deposits. Such a scenario is called a 'run on the bank' and is a sign of trouble for any banking institution. The newspaper says that Silicon Valley Bank is the 16th largest bank in the United States by assets, at $206 billion, and its failureis the second largest in history after fall of the Washington...
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By The Conversation Jillian Peterson , Hamline University and James Densley , Metropolitan State University The two men who shot dead 18 people in separate incidents just days apart in California are the latest perpetrators in America’s long history of mass gun violence. But something about these public shootings, and the men held responsible, stands out. The median age of mass shooters in the United States is 32. Yet the man who is alleged to have shot dead 11 people in Monterey Park on Jan. 21, 2023, before turning the gun on himself was 72 years old – the oldest mass shooter in modern Ameri...
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