The Rise and Fall of Silicon Valley Bank: Lessons Learned.
TL;DR Summary
Silicon Valley Bank, which provided financing for almost half of US venture-backed technology and health care companies, experienced a bank run that led to its collapse. The bank's fall was the largest failure of a US bank since Washington Mutual in 2008. The story begins years ago with moves made by the Federal Reserve and investment decisions by the bank.
Topics:business#bank-run#federal-reserve#finance#investment-decisions#silicon-valley-bank#us-venture-backed-companies
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- Opinion | In the Silicon Valley Bank debacle, greed and fear ruled, not the rules The Washington Post
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