The swift collapse of Silicon Valley Bank sent shock waves through the US financial system over the weekend — with many wondering how the nation’s 16th-largest lender, which catered to thousands of innovative tech startups, could fail so spectacularly.
Before last week, SVB had $209 billion of assets under management. Its fall qualifies as the second-largest bank failure in US history.
Read more at https://nypost.com/2023/03/13/a-timeline-of-silicon-valley-banks-collapse-how-it-all-unfolded/
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