Daily Crunch: Silicon Valley Bank goes bust — regulators take control of $175B+ in deposits
https://techcrunch.com/2023/03/10/daily-crunch-silicon-valley-bank-goes-bust-regulators-take-control-of-175b-in-deposits/
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Today, there’s only one story on everyone’s lips: The sudden and dramatic collapse of Silicon Valley Bank (SVB), the 40-year-old Silicon Valley institution. With $209 billion of assets under management at the time of its failure, it’s the second-largest bank failure in U.S. history.
