Silicon Valley Bank Collapses After Failing to Raise Capital

Newsdesk
1 Min Read

Silicon Valley Bank collapsed on Friday morning after a stunning 48 hours in which a bank run and a capital crisis led to the second-largest failure of a financial institution in US history.

California regulators closed down the tech lender and put it under the control of the US Federal Deposit Insurance Corporation.

Unlimited digital access to all our Premium contents

Plans starting at less than $12/month. Cancel anytime.

Share This Article
Leave a comment

Leave a Reply

Your email address will not be published. Required fields are marked *