Silicon Valley Bank was a commercial bank headquartered in Santa Clara,
California. SVB was the 16th-largest bank in the United States at the
time of its failure on March 10, 2023, and was the largest bank by
deposits in Silicon Valley. It was a subsidiary of the bank holding
company SVB Financial Group. SVB was the bank for tech startups in
Silicon Valley (California). Silicon Valley Bank was the bank that
financed and at the same time deposited the money of many such startups.
The entire article can be found on The Startup - https://the-startup.com/posts/the-collapse-of-sili...