https://www.eastbaytimes.com/2023/03/10/why-is-everyone-talking-about-svb-heres-everything-we-know-about-the-bank-right-now/

The startup world was thrown into chaos Thursday when a lender little-known outside of Silicon Valley sparked a wave of panic in tech circles that dragged down banking shares around the world.

Events snowballed after Silicon Valley Bank announced a share sale to shore up its finances, following a significant loss on its portfolio. After that, things went rapidly downhill. So what does SVB bank do and why has it sparked panic? Here’s everything we know right now — and what could happen next: