The Silicon Valley Bank Collapse: What Happened and Why

On 10 March, Silicon Valley Bank (SVB) failed after a ‘run’ on the bank from customers wishing to draw cash. The bank didn’t have enough funds to pay them. So federal regulators had to step in and shut it down. Silicon Valley Bank is the biggest US bank to fail since the 2008 financial crisis and the second-biggest ever. Just a few days ago, it was a respected player in the tech space, with thousands of venture capital-backed start-ups among its customers. So how did things go wrong so quickly? Watch the video to learn more about the Silicon Valley Bank collapse.