Silicon Valley Bank catered to Napa Valley wineries and could finance 'French oak barrels' if needed. The bank's demise 'surprised everyone,' a vineyard owner says.

Winery owner John Conover can't do anything except wait until Monday to see what will happen to his deposits.
Newsthink on MSN

Why one announcement took down a $200 billion bank

Silicon Valley Bank didn’t collapse because it ran out of money — it collapsed because it ran out of confidence. As venture funding dried up, startups began withdrawing cash faster than SVB expected.

Silicon Valley Bank was the bank for tech. Its collapse is everyone's problem.

The tech and finance industry are set to feel the impact of the fall of Silicon Valley Bank for years to come.
CCN on MSN

The Fed’s Silicon Valley Bank post-mortem explores how stablecoin depegs become contagious

The Federal Reserve has published its post-mortem analysis of the Silicon Valley Bank failure. When the bank collapsed ...
Washington Technology

Pentagon office tracking national security impacts of Silicon Valley Bank collapse

The Defense Department’s Office of Strategic Capital has been “heads-down in assessing impacts to national security” resulting from the collapse of Silicon Valley Bank, or SVB, according to an email ...
NBC News

Regulators shut down Silicon Valley Bank in biggest collapse since 2008 financial crisis

Silicon Valley Bank, one of the tech sector’s favorite lenders, is shutting down. The California Department of Financial Protection and Innovation said Friday that it was taking over and closing the ...
KTLA

Silicon Valley Bank collapse stirs up fears of 2008 bailouts

The collapse of Silicon Valley Bank brings back memories on Capitol Hill of rescuing the financial markets during the 2008 collapse, raising concerns among lawmakers that taxpayers may have to pay to ...
Wane

Silicon Valley Bank collapse concerns founders of color

In the hours after some of Silicon Valley Bank’s biggest customers started pulling out their money, a WhatsApp group of startup founders who are immigrants of color ballooned to more than 1,000 ...
WTVD

Failure of 2 US banks creates concern among customers at other banks of similar size

LOS ANGELES -- President Biden says the American banking system remains safe following the collapse of two U.S. banks, but the failures have nonetheless created concern among customers who hold their ...
NBC Chicago

Silicon Valley's ‘Greed and Avarice' Have ‘Finally Come Home to Roost' in SVB Collapse, Trader Says

The fallout from the shuttering of Silicon Valley Bank — the second-largest bank collapse in U.S. history — continued Monday, dragging down international banking stocks. Stream NBC 5 for free, 24/7, ...