Silicon Valley Bank: why did it collapse and is this the start of a banking crisis?
https://www.theguardian.com/business/2023/mar/13/silicon-valley-bank-why-did-it-collapse-and-is-this-the-start-of-a-banking-crisis
Until last Friday Silicon Valley Bank was the 16th largest bank in the US, worth more than $200bn
Four decades ago, Silicon Valley Bank (SVB) was born in the heart of a region known for its technological prowess and savvy decision making.