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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 is the financial partner of the innovation economy; helping individuals and investors in the innovation ecosystem achieve extraordinary outcomes.

    • 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 · 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.

  5. en.wikipedia.org › wiki › Silicon_Valley_BankSilicon Valley Bank - Wikipedia

    Silicon Valley Bank (SVB) is a commercial bank division of First Citizens BancShares. The bank was previously the primary subsidiary of SVB Financial Group , a publicly traded bank holding company that had offices in 15 U.S. states and over a dozen international jurisdictions.

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

    Mar 13, 2023 · Silicon Valley Bank (SVB) collapsed with astounding speed on Friday. Investors are now on edge about whether its demise could spark a broader banking meltdown.

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

    Mar 13, 2023 · After Silicon Valley Bank’s stunning collapse became the second-largest bank failure in US history, many customers are wondering if their money is safe. Here are the answers to some...

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

    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.

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

    Mar 16, 2023 · By midday, regulators took over Silicon Valley Bank, the nation’s 16th-largest bank, and the Federal Deposit Insurance Corporation was named the receiver. The failure of the 40-year-old ...

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