Daily Crunch: Silicon Valley Bank goes bust — regulators take control of $175B+ in deposits
TechCrunch
MARCH 10, 2023
Hi, Crunchers, 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. Say that three times fast.
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