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Is Chipotle actually closing all of its restaurants? Panic breaks out over restaurant’s bankruptcy rumor
Have you ever believed something just because everyone was talking about it? That’s exactly what happened when thousands of people suddenly thought Chipotle was closing forever. Social media was flooded with news that Chipotle was filing for bankruptcy and closing hundreds of restaurants. But here’s the truth: Chipotle is not closing. In fact, the company…
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Here’s how Silicon Valley Bank collapsed in 48 hours
Silicon Valley Bank’s collapse is the second-largest bank failure in US history and the largest since the 2008 financial crisis. With $209 billion of assets and $175 billion of deposits, SVB was the 16th largest bank in America. This makes it the biggest bank failure since the collapse of Washington Mutual in 2008 (which had over $300 billion of…
