https://techcrunch.com/2023/03/09/silicon-valley-bank-shoots-self-in-foot/

It may go down in the history books about Silicon Valley: the time that its most prominent bank, a bank founded nearly 40 years earlier, inflicted such grievous injury on itself that it had to be rescued by another, even bigger bank or else risk going down in flames in a single day.

We don’t yet know who that “white knight” will be, but you can bet a lot of conversations are happening right now about who will step in and acquire Silicon Valley Bank, an institution whose shares are down roughly 60% from where they were at the beginning of yesterday. And why? Not because the bank is falling apart at the seams. Instead, because it utterly flubbed some important messaging at the very worst time imaginable.