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  1. Timeline of the collapse of Silicon Valley Bank (SVB)

    Date
    Event
    2018
    Ex-CEO Greg Becker supports the Economic Growth, Regulatory Relief and Consumer Protection Act, enacted in 2018, which reduces the stress testing requirements implemented under the Dodd–Frank Act for banks.
    2020-2022
    During the pandemic-era tech boom, SVB's deposit base triples in size. The bank uses a large share of the funds to purchase long-term bonds.
    Mar. 8, 2023
    Due to an aggressive series of interest rate hikes by the Fed to combat inflation and macroeconomic issues, the bank announces a loss of $1.8 billion on the sale of their bonds.
    Mar. 9, 2023
    Shares of SVB fall 60% in response to investor concern. Depositors, mainly VC firms and tech startups, begin to withdraw their funds from the bank.
    Mar. 10, 2023
    The rapid withdrawal of funds puts the bank on the verge of collapse. The FDIC takes over SVB in an effort to protect depositors.
    Mar. 11, 2023
    Prominent investors and tech executives criticize a perceived lack of government action to rescue the bank beyond the guaranteed amount of $250k for each account.

  2. www.svb.comSilicon Valley Bank - Banking for Innovation Economy

    Silicon Valley Bank, a division of First-Citizens Bank & Trust Company. Member FDIC. 1 Free checking through SVB Edge available for up to three years from account opening on included services. Transactions processed, such as for overdrafts, NSF’s, returned and collection items will incur a fee as described in the Schedule of Fees.

    • Online Services

      Silicon Valley Bank is now a division of First Citizens Bank...

    • Contact

      Silicon Valley Bank 3003 Tasman Dr. Santa Clara, CA 95054...

    • Locations

      Trends & Insights. SVB research, blogs and webinars to give...

      SVB Private

      · Newsroom

    • Careers

      Silicon Valley Bank is now a division of First Citizens...

    • Trends & Insights

      All non-SVB named companies listed throughout this document,...

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  4. www.cnn.com › business › live-newsThe latest on the Silicon Valley Bank collapse - CNN

    Mar 14, 2023 · A woman walks past the U.S. Department of Justice Building, in Washington, DC, in December 2020. (Al Drago/Reuters) The US Justice Department is investigating the collapse of Silicon Valley Bank ...

  5. www.cnn.com › 2023/03/13 › investingWhy Silicon Valley Bank collapsed and what it could mean - CNN

    Mar 13, 2023 · Established in 1983, Silicon Valley Bank was, just before collapsing, America’s 16th largest commercial bank. It provided banking services to nearly half of all US venture-backed technology and ...

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  7. www.cnn.com › business › live-newsMarch 13, 2023 Latest on the Silicon Valley Bank collapse - CNN

    Mar 13, 2023 · Many of them panicked, yanking $42 billion last Thursday alone when Silicon Valley Bank’s stock crashed by 60%, according to filings by California regulators. By the close of business that day ...

  8. www.nytimes.com › article › svb-silicon-valley-bankSilicon Valley Bank and Signature Collapses: What We Know ...

    Mar 15, 2023 · Silicon Valley Bank provided banking services to nearly half the country’s venture capital-backed technology and life-science companies, according to its website, and to more than 2,500 venture ...

  9. www.nytimes.com › live › 2023/03/16A timeline of Silicon Valley Bank’s collapse and its ...

    Mar 16, 2023 · Lauren Hirsch. JPMorgan and Bank of America, the two biggest U.S. banks, will deposit $5 billion each into First Republic, several people briefed on the matter said. Goldman and Morgan Stanley are ...

  10. www.npr.org › 2023/03/10 › 1162599556A Silicon Valley lender collapsed after a run on the bank ...

    Mar 10, 2023 · Here's what to know. A customer stands outside of the shuttered Silicon Valley Bank headquarters in Santa Clara, Calif., on March 10, 2023. The lender was taken over federal regulators on Friday ...

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