Power Shifts

Silicon Valley Bank and Silvergate Collapse: What Happened?


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In a dramatic week for US finance, both Silvergate Capital and Silicon Valley Bank collapsed due to massive customer withdrawals and falling asset values, triggered by rising interest rates and industry instability. SVB's failure, the largest since 2008, has sparked concerns of contagion, but experts note the situation is largely contained to regional banks serving startups and crypto firms, not the broader financial system.

 

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