Silicon Valley Bank went bankrupt.

It is the second largest bank failure in the US since 2008.

Deposits up to $250,000 are guaranteed, the regulatory authorities announced.

According to US Treasury Secretary Janet Yellen, the ministry is monitoring the situation.

Deposits in the bank exceed 175 billion dollars and according to international media it is unclear how many of them are covered by the deposit guarantee of 250,000 dollars.

To search buyer is located Silicon Valley according to CNBC.

As reported by the American media, the Silicon Valley bank is looking for a buyer after the failed attempt to raise capital.

Its stock was suspended from trading on the New York Stock Exchange after a 60% plunge yesterday.

The same time, Wall Street is in the red again as all European stock markets are under strong pressure.

Tremors in banks and stock markets on both sides of the Atlantic are caused by the threatened collapse of Silicon Valley Bank (SVB), an American bank with a history of 40 years, which mainly finances startups.

Analysts and traders are concerned that SVB may only be the tip of the iceberg, with the result that bank shares in Europe – as well as the Athens stock exchange – are under intense pressure today.

SVB plunged 60% on Wall Street yesterday as it liquidates its portfolio in an urgent bid to raise capital, selling a total of $21 billion worth of positions at a loss of $1.8 billion.

It also raised $500 million from venture capital firm General Atlantic.