A Silicon Valley lender collapsed after a run on the bank. Here's what to know

Adil March 11, 2023
A customer stands outside of the shuttered Silicon Valley Bank headquarters in Santa Clara, Calif., on March 10, 2023. The lender was taken over federal regulators on Friday, marking one of the largest bank failures since the 2008 Global Financial Crisis.

Silicon Valley Bank was taken over by federal regulators on Friday, capping a spectacular collapse after the lender suffered a run on deposits.

(Image credit: Justin Sullivan/Getty Images)


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