The collapse of Silicon Valley Bank was swift and brutal, and left much of the world wondering what would come next. As the only publicly traded bank focused on Silicon Valley and startups, the collapse sent ripples through both the tech and finance industries.
Fearing contagion would upend the industry, the US Federal Reserve, Treasury Department and Federal Deposit Insurance Corp. moved quickly over the weekend to protect customer deposits and shore up confidence in the banking system. Here’s everything we know right now on the second-largest US bank failure in history:
How did Silicon Valley Bank collapse?
On March