Is Silicon Valley Bank’s Failure Everyone’s Problem?
The collapse reveals a risk to tech and crypto bankers
Outside Silicon Valley Bank headquarters in Santa Clara, California.
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It’s the second largest bank failure in history, behind the 2008 collapse of Washington Mutual. Federal overseers on Friday took control of Silicon Valley Bank, one of the top 20 banks in the US by asset size and a beloved lender to startups when larger banks turned a blind eye.