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Silicon Valley Bank (SVB)—the 16th largest bank in the United States—was shut down by federal regulators on March 10, 2023. The bank’s failure came as a result of several factors, including...
Regulators trying to stem panic among customers shut down Silicon Valley Bank and Signature Bank within days.
Silicon Valley Bank, the go-to bank for US tech startups, facing a sudden bank run and capital crisis, collapsed Friday morning, leaving its high-powered customers and investors in limbo. It...
Silicon Valley Bank (SVB) collapsed with astounding speed on Friday. Investors are now on edge about whether its demise could spark a broader banking meltdown.
The massive amount of customer withdrawals that led to the collapse of Silicon Valley Bank had all the hallmarks of an old-fashioned bank run, but with a new twist befitting the primary...
The next day, the emblematic bank of the tech industry was shut down by regulators — the second-biggest bank failure in US history, after Washington Mutual in 2008. What happened is a little ...
Silicon Valley Bank, one of the leading lenders to the tech sector, was shut down by regulators Friday over concerns about its solvency. The move caused a wider sell-off in stocks and sparked...
California's banking regulators shut down Silicon Valley Bank and put it into receivership under the Federal Deposit Insurance Corp. (FDIC).
Silicon Valley Bank was shuttered by US regulators on Friday after customers raced to withdraw $42bn — a quarter of its total deposits — in one day and a failed effort to raise new capital...
SVB Financial Group, the former parent company of Silicon Valley Bank, the lender that regulators seized last week after a devastating run on deposits, filed for bankruptcy on Friday.