Janet Yellen

March 13, 2023

Making Sense of the Silicon Valley Bank Collapse

By Heather Cox Richardson

For most banks, higher interest rates are good news because they can charge more for loans. But for SVB, they hurt.

March 10, 2023

State Regulators Shut Down Silicon Valley Bank, FDIC Takes Control of Loans and Deposits

The FDIC move came less than two hours after a decision by tech funding giant SV Financial Group, parent company of Silicon Valley Bank, to halt trading shortly after markets opened this morning on NASDAQ – after its stock collapsed in 24 hours from $176.55 to $39.25 per share – sent shock waves across financial markets worldwide.