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Silicon Valley Bank Fails as Regulators Seize Assets
Regulators seized Silicon Valley Bank and transferred its assets to a newly created bank as panic spread through tech startups and venture capital backed firms. The failure, the largest among U S banks since 2008, rattled markets and left many companies worrying about payroll and access to funds.
MENTIONED IN THIS ARTICLE
Silicon Valley
New York
U.S
Washington Mutual
Garry Tan
Y Combinator
Silicon Valley Bank
Shopify
ZipRecruiter
Andreesson Horowitz
Tan
Roku
SVB
California
FDIC
Deposit Insurance Bank of
Santa Clara
White House
Treasury
Janet Yellen
Cecilia Rouse
White House Council of Economic Advisers
Wall Street
Lehman Brothers
Bill Biggerstaff
Robert Medearis
Bill Tyler
TWG Supply
Grapevine
Texas
TWG
Tyler
Federal Reserve
Fed
Ashley Turner
FarmboxRx
Turner