Asian Spectator

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Silicon Valley Bank biggest US lender to fail since 2008 financial crisis – a finance expert explains the impact

  • Written by William Chittenden, Associate Professor of Finance, Texas State University
Silicon Valley Bank biggest US lender to fail since 2008 financial crisis – a finance expert explains the impactSVB encountered a perfect storm of high interest rates and fearful clients. AP Photo/Jeff Chiu

Silicon Valley Bank, which catered to the tech industry for three decades, collapsed on March 10, 2023, after the Santa Clara, California-based lender suffered from an old-fashioned bank run. State regulators seized the bank and made the Federal Deposit...

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