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Silicon Valley Bank collapse

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Summary: Silicon Valley Bank collapsed after a bank run, becoming one of the largest U.S. bank failures.

Start: 2023-03-08 • Status: resolved

Timeline

  • Mar 8, 2023 — Bank announced losses and capital raise attempt. source
  • Mar 9, 2023 — Customers began withdrawing deposits rapidly. source
  • Mar 10, 2023 — Regulators shut down Silicon Valley Bank. source
  • Mar 13, 2023 — U.S. government guaranteed deposits. source

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