Tag: Silicon Valley Bank closed

Explained | What caused Silicon Valley Bank’s failure?

Explained | What caused Silicon Valley Bank’s failure?

cpooldigitalLeave a Comment on Explained | What caused Silicon Valley Bank’s failure?

Santa Clara Police officers exit Silicon Valley Bank in Santa Clara, California, on March 10, 2023. The Federal Deposit Insurance Corporation is seizing the assets of Silicon Valley Bank, marking the largest bank failure since Washington Mutual during the height of the 2008 financial crisis. The FDIC ordered the closure of Silicon Valley Bank and […]

Continue Reading
Silicon Valley Bank shut down by regulators; assets seized

Silicon Valley Bank shut down by regulators; assets seized

cpooldigitalLeave a Comment on Silicon Valley Bank shut down by regulators; assets seized

Regulators rushed on Friday to seize the assets of one of Silicon Valley’s top banks, marking the largest failure of a U.S. financial institution since the height of the financial crisis almost 15 years ago. Silicon Valley Bank, the nation’s 16th-largest bank, failed after depositors hurried to withdraw money this week amid anxiety over the […]

Continue Reading