Some 16 banks failed during Trump's four-year presidency, but none was as big as Silicon Valley Bank, which closed on Friday.
The number of bank failures has dropped to relatively normal levels after spiking in the years of the financial crisis. In 2008, 25 banks collapsed in the U.S. In 2009, they were 140 and in 2010, 157. The number of bank failures gradually dropped from 92 in 2011, to 51 in 2012, 24 in 2013, 18 in 2014 and eight in 2015.bank's liquidation of some of its assets
. It used these to pay for depositors withdrawing some of their money following the tech sector's crisis. The SVB failure is the biggest after the 2008 financial crisis. The bank's collapse has been widely attributed to a series of ill-fated investments. These include putting money into some mortgage-backed securities that suffered from the Federal Reserve's decision to hike interest rates in 2022.have been staved off by the Biden administration. On Sunday, the White House announced that SVB's depositors will be able to get their money back in full as of Monday morning.
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