Search results
Mar 10, 2023 · Silicon Valley Bank became the biggest U.S. bank failure in more than a decade, after its long-established customer base of tech startups grew worried and yanked deposits.
Mar 17, 2023 · Silicon Valley Bank was founded in 1983 over a poker game between Bill Biggerstaff and Robert Medearis, according to a statement from the bank’s 20th anniversary. Since its start, the firm has...
Breaking news, live coverage, investigations, analysis, video, photos and opinions from The Washington Post. Subscribe for the latest on U.S. and international news, politics, business,...
- What Was Silicon Valley Bank?
- Why Did Silicon Valley Bank Fail?
- Why Did The Government Promise to Make SVB Depositors whole?
- What Is The Bank Term Funding Program?
- The Bottom Line
Silicon Valley Bank (SVB), a subsidiary of SVB Financial Group, was the 16th largest bank in the United States. The bank had assets of about $209 billion in December 2022. Silicon Valley Bank provided business banking services for companies at every stage, but it was particularly well-known for serving startups and venture-backed firms. According t...
Silicon Valley Bank saw massive growth between 2019 and 2022, which resulted in it having a significant amount of deposits and assets. While a small amount of those deposits were held in cash, most of the excess was used to buy Treasury bonds and other long-term debts. These assets tend to have relatively low returns but also relatively low risk. B...
Federal regulators decided to fully insure and protect all of Silicon Valley Bank’s depositors and their balances for fear of contagion—the impact the bank’s collapse could have on the economy as a whole. Amid the bank collapse, it was not just Silicon Valley Bank whose stock price plummeted. Other banks saw their stock prices droptoo. A high-profi...
As a result of the Silicon Valley Bank collapse, the government announced the Bank Term Funding Program (BTFP), a program authorized by the Federal Reserve that offers loans to banks, credit unions, and other deposit institutions. These loans, which can last for up to one year, help financial institutionsto meet their depositors' needs. The program...
The collapse of Silicon Valley Bank in March 2023 represents the largest bank failure since the financial crisis of 2008. And given the already-present fears of a recession, the collapse further shook consumer confidence in the economy. The bank’s failure served to remind us that there are several weaknesses within the banking system, including the...
Jun 27, 2024 · If you want to understand the current crisis at The Washington Post —the still-unfolding ethical scandal threatening the reign of its publisher and CEO, the growing newsroom revolt, the tumult...
Nov 11, 2014 · Founders of Silicon Valley Bank tell why and how they started a bank that changed the world for entrepreneurial companies. Roger Smith, Bob Medearis, and Bill Biggerstaff (1919–2010) came together in the early 1980s around the idea of creating a commercial bank that would be designed to gather deposits and lend money to early stage venture ...
People also ask
Are Washington Post journalists haunted by their pasts?
What's going on at the Washington Post?
Can Jeff Bezos weather a public relations storm?
Jun 17, 2024 · New leaders of The Washington Post are being haunted by their past, with ethical questions raised about their actions as journalists in London that illustrate very different press traditions in the United States and England.
