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1. www.theverge.com › 23635692 › siliconHow Silicon Valley Bank collapsed, who it affects, and what ...

   www.theverge.com › 23635692 › silicon

   Mar 13, 2023 · Updated Mar 13, 2023, 2:37 PM PDT. The Verge. On the last night of its existence, Silicon Valley Bank was hosting VC Bill Reichert of Pegasus Tech Ventures, who was giving a presentation on ...

2. www.investopedia.com › what-happened-to-siliconWhat Happened to Silicon Valley Bank? - Investopedia

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   • What Was Silicon Valley Bank?
   • Why Did Silicon Valley Bank Fail?
   • Why Did The Government Promise to Make SVB Depositors whole?
   • What Is The Bank Term Funding Program?
   • The Bottom Line

   Silicon Valley Bank (SVB), a subsidiary of SVB Financial Group, was the 16th largest bank in the United States. The bank had assets of about $209 billion in December 2022. Silicon Valley Bank provided business banking services for companies at every stage, but it was particularly well-known for serving startups and venture-backed firms. According t...

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   Silicon Valley Bank saw massive growth between 2019 and 2022, which resulted in it having a significant amount of deposits and assets. While a small amount of those deposits were held in cash, most of the excess was used to buy Treasury bonds and other long-term debts. These assets tend to have relatively low returns but also relatively low risk. B...

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   Federal regulators decided to fully insure and protect all of Silicon Valley Bank’s depositors and their balances for fear of contagion—the impact the bank’s collapse could have on the economy as a whole. Amid the bank collapse, it was not just Silicon Valley Bank whose stock price plummeted. Other banks saw their stock prices droptoo. A high-profi...

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   As a result of the Silicon Valley Bank collapse, the government announced the Bank Term Funding Program (BTFP), a program authorized by the Federal Reserve that offers loans to banks, credit unions, and other deposit institutions. These loans, which can last for up to one year, help financial institutionsto meet their depositors' needs. The program...

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   The collapse of Silicon Valley Bank in March 2023 represents the largest bank failure since the financial crisis of 2008. And given the already-present fears of a recession, the collapse further shook consumer confidence in the economy. The bank’s failure served to remind us that there are several weaknesses within the banking system, including the...

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3. www.npr.org › 2023/03/19 › 1164531413When trouble hit, Silicon Valley Bank had to sell US ... - NPR

   www.npr.org › 2023/03/19 › 1164531413

   Mar 19, 2023 · Risk #1: Access. Those billions were now locked up for years. It wouldn't be easy to get that money in an emergency. Risk #2: Interest rates. When interest rates started going up, the market value ...

   • Author: Stacey Vanek Smith

4. www.washingtonpost.com › technology › 2024/03/14Silicon Valley Bank is back, after collapse and acquisition ...

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   Before the bank run, SVB had about $119 billion in customer deposits, according to the Federal Deposit Insurance Corp. At the end of 2023 that amount was just $38.5 billion, First Citizens said in ...

5. Videos

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     What Happened With Silicon Valley Bank?

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     Here's how Silicon Valley Bank collapsed in 48 hours

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     The Failure of Silicon Valley Bank: Everything You Need to Know about Banking and Bailouts

     May 4, 2023

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6. www.vox.com › technology › 2363443What is Silicon Valley Bank? The bank’s collapse, explained ...

   www.vox.com › technology › 2363443

   Mar 28, 2023 · Banking regulators shut down Silicon Valley Bank, or SVB, on Friday, March 10, after the bank suffered a sudden, swift collapse, marking the second-largest bank failure in US history. Just two ...

7. hbr.org › 2023 › 03What Silicon Valley Bank Did Right - Harvard Business Review

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   Mar 24, 2023 · March 24, 2023. Justin Sullivan/Getty Images. Summary. There’s a reason Silicon Valley Bank became such a fixture among startups: it understood their needs better than any other bank. Even now ...

8. People also ask

   Is Silicon Valley Bank back?

   • A year after Silicon Valley Bank imploded in the third-largest bank failure in U.S. history, the start-up- and tech-focused bank wants you to know that it’s back. It’s under new management, and now owned by North Carolina-based First Citizens Bank, which bought its deposits and branches out of bankruptcy weeks after SVB crumbled in March 2023.

   Silicon Valley Bank is back, after collapse and acquisition - The

   www.washingtonpost.com/technology/2024/03/14/silicon-valley-bank-collapse-acquisition-svb/

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   Is Silicon Valley Bank a good bank for startups?

   • Summary. There’s a reason Silicon Valley Bank became such a fixture among startups: it understood their needs better than any other bank. Even now, many banks don’t have the flexibility and understanding to make banking easy for startups. With SVB gone, a lot of young companies will find it harder to manage their finances.

   What Silicon Valley Bank Did Right - Harvard Business Review

   hbr.org/2023/03/what-silicon-valley-bank-did-right

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   Why is Silicon Valley Bank important?

   • Founded in 1983 after a poker game, Silicon Valley Bank was an important engine for the tech industry’s success and the 16th largest bank in the US before its collapse. It’s easy to forget, based on the tech industry’s lionization of nerds, but the actual fuel for startups is money, not brains.

   How Silicon Valley Bank collapsed, who it affects, and what happens n…

   www.theverge.com/23635692/silicon-valley-bank-svb-collapse-explainer-startups-venture-capital

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   Could a bank run higher in Silicon Valley?

   • A lot of other banks are also losing money on their securities. But the gossipy nature of Silicon Valley, and the fact that so many of these firms are entwined, made the possibility of a bank run higher for SVB than it was for other places. Right now, rumors are flying in WhatsApp groupchats full of founders scrambling for cash.

   How Silicon Valley Bank collapsed, who it affects, and what happens n…

   www.theverge.com/23635692/silicon-valley-bank-svb-collapse-explainer-startups-venture-capital

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9. www.bloomberg.com › news › articlesSilicon Valley Bank Was Practically Everything to Tech ...

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   Mar 10, 2023 · SVB’s most obvious services involved traditional banking. It offered the usual checking accounts, credit cards and money market accounts with up to 4.5% annual percentage yield. The firm also ...