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user-inactivated · 401 days ago · link · · parent · post: FDIC Creates a Deposit Insurance National Bank of Santa Clara to Protect Insured Depositors of Silicon Valley Bank
Just hours later, tech bank Silicon Valley Bank crashed - and Alecta lost billions of dollars. - "It was a bit of bad timing," says Jacob Lapidus, press officer at Alecta.Pension giant Alecta announced that it was abandoning Handelsbanken and Swedbank to focus on niche US banks.
