Silicon Valley Bank failure

The Demise of Silicon Valley Bank

On Friday, Federal banking regulators placed Silicon Valley Bank (SIVB) into receivership to protect depositors and to prevent possible contagion from spreading through the financial system.  SIVB was the second largest commercial bank failure in U.S. history (behind Washington Mutual, which failed in 2008). What Happened? Last week, SIVB announced it had sold $21 billion of …

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