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Silicon Valley bank shut down: a look at biggest banking failures since 2008

Silicon Valley bank shut down: a look at biggest banking failures since 2008

US regulators shuttered Silicon Valley Bank (SVB) on Friday and took control of its deposits, in what amounts to the biggest retail banking failure since the global financial crisis.
The move follows a dramatic 48 hours that saw the high-tech lender's share price plummet amid a run on deposits by concerned customers.
Below are some of the biggest retail banking failures, ranked by the value of their assets when they collapsed:
- HBOS (United Kingdom), on 09/17/2008 (Around $811 billion)
- Washington Mutual (United States), on 09/25/2008 ($307 billion)
- Silicon Valley Bank (United States), on 03/10/2023 ($209 billion)
- Sachsen LB (Germany), on 08/26/2007 (Around $92 billion)
- Bradford &amp; Bingley (United Kingdom), on 09/29/2008 (Around $63 billion)
- IndyMac (United States), on 07/11/2008 ($32 billion)
In addition, the global financial crisis also saw the failure of a number of corporate and investment banks, marked by the dramatic bankruptcy of Lehman Brothers on September 15, 2008.
Its assets at the time were worth $639 billion.
Also Watch:<a href="https://www.editorji.com/business-news/markets/global-financial-rout-erupts-after-silicon-valley-bank-seized-by-us-regulator-1678504139632"> Silicon Valley Bank collapses, largest retail bank failure since 2008</a>

Delhi pollution: primary schools to be shut from tomorrow till situation improves

Delhi pollution: primary schools to shut from tomorrow

Delhi pollution: primary schools to be shut from tomorrow onwards
Delhi CM declares amid severe AQI
Schools to remain closed till air quality improves

Delhi pollution: primary schools to be shut from tomorrow; Kejriwal urges Centre to step in 

"This is not the time for blame game and politics, but time to find a solution to the problem. Blaming Kejriwal or the Punjab government won't help," he asserted.

Delhi Chief Minister Arvind Kejriwal announced that primary schools will be closed from Saturday in view of spike in pollution levels in the national capital.
Speaking at a press conference, he noted that deteriorating air quality and pollution levels were a problem of the entire north India and the Centre should take steps to address it.
"This is not the time for blame game and politics, but time to find a solution to the problem. Blaming Kejriwal or the Punjab government won't help," he asserted.
The city continued to reel under the eye-stinging pollution with air quality recorded in the ''severe'' category even on Friday.
Kejriwal announced that from Saturday onwards, classes up to fifth standard will be closed and outdoor activities for classes above fifth standard will be suspended.
"We are also mulling over implementing odd even scheme for plying of vehicles," he said.
The chief minister was joined by his Punjab counterpart Bhagwant Mann.
Kejriwal accepted that the stubble burning happening in Punjab was his party's responsibility since its government is there.
"Since our government is in Punjab, we are responsible for the stubble burning. It has been only six months since we formed the government there and there were issues that were being addressed. We are finding solutions. Give us a year's time to address the issue," Kejriwal said.
Mann concurred with him and said there was bumper paddy crop, which resulted in a huge amount of stubble.
"We are taking steps like there are 1.20 lakh machines to bury stubble. Panchayats have also passed resolutions to stop stubble burning. We promise by November next year, stubble burning will reduce," he stressed.
ALSO WATCH: <a title="Supreme Court on pre-election freebies debate: petitions to be heard by 3-judge bench, early listing" href="https://www.editorji.com/india-news/politics/supreme-court-on-pre-election-freebies-debate-petitions-to-be-heard-by-3-judge-bench-early-listing-1667309486033">Supreme Court on pre-election freebies debate: petitions to be heard by 3-judge bench, early listing</a>

Mumbai's&nbsp;iconic Karachi Bakery has pulled down its shutters, months after it was targeted by the MNS.
In November 2020, MNS&nbsp;leader&nbsp;Haji Saif Shaikh had sent a legal notice to the owner of the bakery saying the word "Karachi" hurt sentiments of ordinary Indians and must be removed.&nbsp;In a tweet earlier this week, the MNS&nbsp;sought to claim credit for Karachi Bakery closing down.
But according to reports, sales at Karachi bakery were hit hard by the pandemic, prompting the move by owners.
Netizens,&nbsp;especially Mumbaikars, posted their memories&nbsp;of the iconic eatery, mourning the end of an era.
Karachi Bakery, one of India's oldest and most popular cookie-makers, is a Hyderabad-based chain run by a Sindhi Hindu migrant family, the Ramnanis, who moved to India from Karachi.

'End of an era' say Mumbaikars as the iconic Karachi Bakery shuts shop

Au Revoir: Mumbai's&nbsp;iconic Karachi Bakery shuts shop. Here's why.

Mumbai's&nbsp;iconic Karachi Bakery has pulled down its shutters, months after it was targeted by the MNS.
In November 2020, MNS&nbsp;leader&nbsp;Haji Saif Shaikh had sent a legal notice to the owner of the bakery saying the word "Karachi" hurt sentiments of ordinary Indians and must be removed. ((show tweet)) In a tweet earlier this week, the MNS&nbsp;sought to claim credit for Karachi Bakery closing down.
But according to reports, sales at Karachi bakery were hit hard by the pandemic, prompting the move by owners.
((show tweets &amp; breathe))&nbsp;Netizens,&nbsp;especially Mumbaikars, posted their memories&nbsp;of the iconic eatery, mourning the end of an era.
Karachi Bakery, one of India's oldest and most popular cookie-makers, is a Hyderabad-based chain run by a Sindhi Hindu migrant family, the Ramnanis, who moved to India from Karachi.

Mumbai's&nbsp;iconic Karachi Bakery has pulled down its shutters, months after it was targeted by the MNS.
In November 2020, MNS&nbsp;leader&nbsp;Haji Saif Shaikh had sent a legal notice to the owner of the bakery saying the word "Karachi" hurt sentiments of ordinary Indians and must be removed.&nbsp;In a tweet earlier this week, the MNS&nbsp;sought to claim credit for Karachi Bakery closing down.
But according to reports, sales at Karachi bakery were hit hard by the pandemic, prompting the move by owners.
Netizens,&nbsp;especially Mumbaikars, posted their memories&nbsp;of the iconic eatery, mourning the end of an era.
Karachi Bakery, one of India's oldest and most popular cookie-makers, is a Hyderabad-based chain run by a Sindhi Hindu migrant family, the Ramnanis, who moved to India from Karachi.

Looking to make a bo push towards e-commerce Disney is going to shut down 60 stores across North America. This is just the start, the&nbsp; company will be evaluating potential closures in other parts of the world.&nbsp;
Disney currently operates over 300 stores globally and is looking to shutter down on 20% to realign it's business as sales have been declining.&nbsp;
The company however reassured that&nbsp;other shopping experiences, which include 600 Disney Parks stores, shop-in-shop locations like Target, lifestyle and outlet locations will not be impacted

Disney to shut 20% of stores in America, Europe next in reduction plan

Looking to make a bo push towards e-commerce Disney is going to shut down 60 stores across North America. This is just the start, the&nbsp; company will be evaluating potential closures in other parts of the world.&nbsp;
Disney currently operates over 300 stores globally and is looking to shutter down on 20% to realign it's business as sales have been declining.&nbsp;
The company however reassured that&nbsp;other shopping experiences, which include 600 Disney Parks stores, shop-in-shop locations like Target, lifestyle and outlet locations will not be impacted

Looking to make a big push towards e-commerce Disney is going to shut down 60 stores across North America. This is just the start, the&nbsp; company will be evaluating potential closures in other parts of the world.&nbsp;
Disney currently operates over 300 stores globally and is looking to shutter down on 20% to realign it's business as sales have been declining.&nbsp;
The company however reassured that&nbsp;other shopping experiences, which include 600 Disney Parks stores, shop-in-shop locations like Target, lifestyle and outlet locations will not be impacted

Tech giant Apple has temporarily shut all 53 stores in California due to a surge in Covid-19 cases. 

Apple temporarily shuts all 53 stores in California due to Covid-19 surge

Tech giant Apple has temporarily shut all 53 stores in California due to a surge in Covid-19 cases.

Tech giant Apple has temporarily shut all 53 stores in California due to a surge in Covid-19 cases. A spokesperson for the firm said some stores were being shut down out of an abundance of caution, and will restore services as soon as possible. 16 Apple stores in London have been shut down for now as well, due to restrictions introduced by the city authorities.

shut down

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