Silicon Valley Bank: why did it collapse and is this the start of a banking crisis?
TheGuardian
MARCH 12, 2023
Until last Friday Silicon Valley Bank was the 16th largest bank in the US, worth more than $200bn Four decades ago, Silicon Valley Bank (SVB) was born in the heart of a region known for its technological prowess and savvy decision making. The California-headquartered organisation grew to become the 16th largest bank in the US, catering for the financial needs of technology companies around the world, before a series of ill-fated investment decisions led to its collapse.
Let's personalize your content