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Silicon Valley Bank, the go-to bank for US tech startups, facing a sudden bank run and capital crisis, collapsed last week, leaving its high-powered customers and investors in limbo. It was taken over by federal regulators. It was the largest failure of a US bank since Washington Mutual in 2008. CNN’s Christine Romans reports. #CNN #News

How will the Silicon Valley Bank failure affect software engineers and tech startups? Find out why SVB got into trouble and what it means for the average programmer.

#tech #svb #thecodereport

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Silicon Valley Bank collapsed in less than two days when FDIC regulators seized control. In that time, the bank’s stock price fell over 60%, a $42 billion bank run was sparked and a liquidity crisis ensued.

Here’s how SVB’s collapse became the second largest U.S. bank failure ever, and what it means for customers in the future.

0:00 SVB’s collapse forced bank closures, rattled global markets and threatened startups
0:30 The events leading up to SVB’s collapse
2:50 What was the turning point that marked SVB’s downfall?
4:39 Will Silicon Valley Bank be bailed out?

What Went Wrong explores the challenging conditions and decisions that led to a company's downturn.

#SVB #Finance #WSJ

Jonathan Capehart and Rep. Katie Porter discuss the Federal Deposit Insurance Corp. (FDIC) taking control of Silicon Valley Bank and its deposits after the bank shut down in what is the largest U.S. bank failure since the global financial crisis more than a decade ago.

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#SiliconValleyBank #Finance #Bank

The abrupt closure of three banks in a matter of days is continuing to ripple across the American economy. CBS News national correspondent Errol Barnett joined John Dickerson on "Prime Time" with the latest on the Silicon Valley Bank's collapse. Then, Jeff Guo, co-host for NPR's "Planet Money," helps break down what exactly happened to SVB.

#news #economy #siliconvalleybank

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CNBC’s Jim Cramer weighs in on the recent news surrounding Silicon Valley Bank. For access to live and exclusive video from CNBC subscribe to CNBC PRO: https://cnb.cx/2NGeIvi 

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