Collapse of Silicon Valley Bank
id:
collapse-of-silicon-valley-bank-198-788496
title:
Collapse of Silicon Valley Bank
text:
On March 10, 2023, Silicon Valley Bank (SVB) failed after a bank run, marking the third-largest bank failure in United States history and the largest since the 2007–2008 financial crisis. It was one of three bank failures, along with Silvergate Bank and Signature Bank, in March 2023 in the United States. Seeking higher investment returns from its burgeoning deposits, SVB had dramatically increased its holdings of long-term securities since 2021, accounting for them on a hold-to-maturity basis. T
brand slug:
wiki
category slug:
encyclopedia
description:
2023 receivership of an American commercial bank
original url:
https://en.wikipedia.org/wiki/Collapse_of_Silicon_Valley_Bank
date created:
date modified:
2024-04-17T00:36:15Z
main entity:
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image:
{"content_url":"https://upload.wikimedia.org/wikipedia/commons/4/49/3003_West_Tasman_Drive_entrance_2%2C_Santa_Clara%2C_California.jpg","width":4032,"height":3024}
fields total:
13
integrity:
15