Why Silicon Valley Bank collapsed, and why it matters



1 week ago 68

US Markets Loading... H M S In the news

Home Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options. News

A line waits outside of Silicon Valley Bank to draw funds after the FDIC had to close the bank.

  • Silicon Valley Bank's collapse on Friday was the second-largest bank failure in US history.
  • Its failure led to the collapse of Signature Bank.
  • The FDIC insures customers' funds in case something like this happens.

Top editors give you the stories you want — delivered right to your inbox each weekday.

Loading Something is loading.

Thanks for signing up!

Access your favorite topics in a personalized feed while you're on the go.

Silicon Valley Bank collapsed on Friday, resulting in the second-largest bank failure in US history. 

Read next

Most Popular Videos

Most Recent Videos

Read Entire Article