Silicon Valley Bank Collapse RECAP: Equity news as US and UK markets brace for financial contagion
Silicon Valley Bank Collapse RECAP: CEO sued by shareholders and Federal Reserve to overhaul its oversight – as US banks fall into SVB contagion with falling stock prices
This was DailyMail.com’s live blog about the collapse of the Silicon Valley Bank.
Silicon Valley Bank (SVB) was shut down in March 2023 by the California Department of Financial Protection and Innovation. Based in Santa Clara, California, the bank was shut down after its investments greatly decreased in value and its depositors withdrew large amounts of money, among other factors.