Why Silicon Valley Bank Imploded

Why Silicon Valley Bank Imploded


Kaltbaum Capital Management President Gary Kaltbaum, former CBO Director Doug Holtz-Eakin and FOX Business’ Susan Li discuss U.S. regulators shutting down Silicon Valley Bank on ‘Cavuto: Coast to Coast.’ Silicon Valley, the land of innovation and startups that created Meta Platform’s Facebook, Amazon and many other tech giants, just saw one of its own implode in the largest bank failure since Washington Mutual in 2008 and the second largest in U.S. history.  After 40 years, Silicon Valley Bank, the nation’s 17th largest, was shut down by the FDIC Friday as regulators moved to protect customers as it faced a liquidity crunch after losing $2 billion. That was followed by a failed attempt to raise as much in a stock offering.  Ticker Security Last Change Change % SIVB …

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