The Implosion of Silicon Valley Bank

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With federal regulators planning to take over the collapsed Silicon Valley Bank, a 40-year-old institution based in California, nearly $175 billion in customer deposits will be placed under the authorities’ control.

The lender’s demise is the second-largest bank failure in U.S. history and the largest since the financial crisis in 2008. The debacle raised concerns that other banks could face problems, too.

Guest: Emily Flitter (https://www.nytimes.com/by/emily-flitter?smid=pc-thedaily), a finance correspondent for The New York Times.

Background reading:


A run on deposits brought Silicon Valley Bank’s failure (https://www.nytimes.com/2023/03/10/business/silicon-valley-bank-stock.html).
Here’s what to know (https://www.nytimes.com/live/2023/03/13/business/silicon-valley-bank/heres-what-you-need-to-know-about-silicon-valley-bank?smid=url-share) about the fallout from the lender’s collapse.
For more information on today’s episode, visit nytimes.com/thedaily (http://nytimes.com/thedaily?smid=pc-thedaily). Transcripts of each episode will be made available by the next workday.



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