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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

    SVB is a division of First-Citizens Bank & Trust Company that serves high-growth companies and investors in the innovation economy. It offers flexible lending, digital platform, payment processing and other solutions for startups, venture funds and corporate ventures.

    • Careers

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

    • Trends & Insights

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

  3. Silicon Valley Bank - Local Result

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

    Mar 15, 2023 · By Sunday night, regulators had abruptly shut down Signature Bank to prevent a crisis in the broader banking system. The banks’ swift closures have sent shock waves through the tech industry ...

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

    Mar 13, 2023 · The Federal Reserve announced Monday it has launched a review of the supervision and regulation of Silicon Valley Bank following the lender's sudden implosion. The Fed said the review will be...

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

    Mar 14, 2023 · Customers withdrew $42 billion in a single day last week from Silicon Valley Bank, leaving the bank with $1 billion in negative cash balance, the company said in a regulatory filing.

  9. www.nytimes.com › 13 › businessSilicon Valley Bank Collapse Bank Shares Tumble in Wake of ...

    Mar 14, 2023 · The Silicon Valley Bank shutdown on Friday became the biggest bank closure since the global financial crisis, but it was not massive in absolute terms: The move to fail it put nearly $175 billion ...

    • Joe Rennison

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

    Mar 16, 2023 · Silicon Valley Bank, which collapsed last week, and First Republic, which received a large rescue deal on Thursday, were among the 20 largest banks in the United States last year. But in terms of ...

  11. www.cnn.com › 2023/03/11 › businessHow does a bank collapse in 48 hours? A timeline of the SVB fall

    Mar 11, 2023 · Silicon Valley Bank, facing a sudden bank run and capital crisis, collapsed Friday morning and was taken over by federal regulators. It was the largest failure of a US bank since Washington Mutual ...

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