The Magnitude of SVB’s Collapse
Fordham Law News
SEPTEMBER 11, 2023
On March 10 th , 2023, Silicon Valley Bank (“SVB”) collapsed, marking the greatest bank failure since the 2008 recession. [1] 1] SVB’s place in the market is particularly important because its clients were comprised mainly of start-ups and venture capital. [2] SVB’s gross revenue in 2022 was just shy of $7.4
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