The Latest Breaking News from Silicon Valley Bank

How SVB happened, and how it all came crashing down.

The financial institution best known for its relationships with high-flying world technology startups and venture capital, Silicon Valley Bank, experienced one of the oldest problems in banking — a bank run — which led to its failure on Friday

Decision comes hours after US arm collapsed

Silicon Valley Bank, which catered to the tech industry for three decades, collapsed on March 10, 2023, after the Santa Clara, California-based lender suffered from an old-fashioned bank run. State regulators seized the bank and made the Federal Deposit Insurance Corporation its receiver.

US regulators have seized Silicon Valley Bank's assets, marking the largest failure of a financial institution since the height of the GFC

You know things are dire when even the short sellers aren’t celebrating.

All banking crises throughout history have shared a common element: Short-term depositors try to withdraw their money from institutions locked into long-term assets.

The failure of one of the largest commercial banks in the U.S. left people frantically figuring out next steps Friday morning.

Shutdown and takeover of bank by regulators can be traced to the Fed raising interest rates and risk-averse investors