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2. 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.
   Mar. 12, 2023	NY-based Signature Bank is closed, by order of state officials. Fearing wider spread of the crisis, the Fed announces an emergency lending program to cover the full deposits and restore confidence in the financial system.
   Mar. 13, 2023	After an anxious weekend, bank stocks plummet despite an assurance from President Biden. The Federal Reserve Board announces a review of the "supervision and regulation" of SVB.
   Mar. 14, 2023	Bank stocks rebound. The WSJ reports that the Justice Department and the SEC are probing the fall of SVB. A class-action lawsuit has also been filed by investors against the parent company, CEO and CFO. Meanwhile, the newly-appointed CEO of SVB declares that the bank is back and "open for business".

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

   www.svb.com

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   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.

4. Silicon Valley Bank - Local Result

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     3340 Peachtree Rd NE, #950, Atlanta, GA · (404) 264-8333
     
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6. www.cnn.com › business › live-newsThe latest on the Silicon Valley Bank collapse - CNN

   www.cnn.com › business › live-news

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   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.

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

   www.cnn.com › 2023/03/13 › investing

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   Mar 13, 2023 · LondonCNN —. Silicon Valley Bank collapsed with astounding speed on Friday. Investors are now on edge about whether its demise could spark a broader banking meltdown. The US federal...

8. People also ask

   When was Silicon Valley Bank founded?

   • Silicon Valley Bank was established in 1983. Before the collapse, it was America’s 16th largest commercial bank that provided banking services to nearly half of all US venture-backed technology and life science companies.

   The latest on the Silicon Valley Bank collapse - CNN

   www.cnn.com/business/live-news/silicon-valley-bank-collapse-updates-03-14-23/index.html

   See all results for this question

   Will Silicon Valley Bank be regulated?

   • 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 run by Michael Barr, the central bank’s vice chair for supervision, and the results will be publicly released by May 1.

   The latest on the Silicon Valley Bank collapse - CNN

   www.cnn.com/business/live-news/silicon-valley-bank-collapse-updates-03-14-23/index.html

   See all results for this question

   Will Silicon Valley Bank collapse spark a broader banking meltdown?

   • Silicon Valley Bank collapsed with astounding speed on Friday. Investors are now on edge about whether its demise could spark a broader banking meltdown. The US federal government has stepped in to guarantee customer deposits, but SVB’s downfall continues to reverberate across global financial markets.

   Why Silicon Valley Bank collapsed and what it could mean

   www.cnn.com/2023/03/13/investing/silicon-valley-bank-collapse-explained/index.html

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   What does Silicon Valley Bank do?

   • 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 capital firms.

   Silicon Valley Bank and Signature Collapses: What We Know - The New

   www.nytimes.com/article/svb-silicon-valley-bank-explainer.html

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

   www.cnn.com › business › live-news

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

    www.nytimes.com › article › svb-silicon-valley-bank

    Mar 15, 2023 · Two days after the F.D.I.C. took control of Silicon Valley Bank, New York regulators abruptly closed Signature Bank on Sunday to stymie risk in the broader financial system.

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

    www.nytimes.com › live › 2023/03/16

    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 ...

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

    www.npr.org › 2023/03/10 › 1162599556

    Mar 10, 2023 · Silicon Valley Bank was taken over by federal regulators on Friday, capping a spectacular collapse after the lender suffered a run on deposits.