Silicon Valley Bank Seized by Regulators After Historic Failure
The nation’s 16th-largest bank failed after its depositors hurried to withdraw money this week amid anxiety over the bank’s health. It is the second biggest bank failure in American history.
Federal regulators rushed to seize the assets of Silicon Valley Bank on Friday after a run on the bank, marking the largest failure of a financial institution since Washington Mutual collapsed at the height of the financial crisis more than a decade ago.
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