What is Silicon Valley Bank? Here’s what to know after sudden collapse
Federal regulators shut down Silicon Valley Bank after it faced a sudden cash crunch
By News on the Net -- New York Post—— Bio and Archives--March 10, 2023
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Silicon Valley Bank’s four-decade run as the tech world’s preferred lender came to sudden end Friday after the feds shut down the embattled firm due to liquidity fears.
Founded in 1983, the Santa Clara, Calif.-based institution provided banking services and took deposits for Silicon Valley startups, venture capital firms and tech heavyweights. ---More...
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