𝕋𝕒𝕜𝕖𝕒𝕨𝕒𝕪𝕤 𝕗𝕣𝕠𝕞 𝔸𝕞𝕖𝕣𝕚𝕔𝕒’𝕤 𝕤𝕖𝕔𝕠𝕟𝕕-𝕝𝕒𝕣𝕘𝕖𝕤𝕥 𝕓𝕒𝕟𝕜 𝕗𝕒𝕚𝕝𝕦𝕣𝕖

Silicon Valley Bank’s 48-hour collapse led to the second-largest failure of a financial institution in US history.

SVB was one of America’s 20 largest commercial banks and is now under the control of the US Federal Deposit Insurance Corporation after it became unable to pay back customers who withdrew their deposits.

Though experts quelled fears of a wider contagion, the bank’s collapse could have significant ramifications on the startup and tech sectors.

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