Create account

Coverage dated March 9, 2023

Silicon Valley Bank seized by FDIC as depositors pull cash

Headline from ABC 10 Sacramento

Silicon Valley bank was the 16th largest bank in the country, holding $210 billion in assets.

ABC 10 Sacramento's own description from its feed. We collect headlines and these descriptions, not full articles; read the original reporting below.

Read the reports

Reports & sources

31 articles, oldest first.

  1. Kilgore News Herald

    Silicon Valley Bank Collapse: Large Account Holders Are Unsecured Creditors (opens Kilgore News Herald)

    Published

    Kilgore News Herald's feed description

    The FDIC insures a maximum $250,000 deposit for account holders at banks.

  2. ABC 10 Sacramento

    Silicon Valley Bank seized by FDIC as depositors pull cash (opens ABC 10 Sacramento)

    Published

    ABC 10 Sacramento's feed description

    Silicon Valley bank was the 16th largest bank in the country, holding $210 billion in assets.

  3. Portland Press Herald

    FDIC seizes Silicon Valley Bank after historic failure (opens Portland Press Herald)

    Published

    Portland Press Herald's feed description

    The collapse pushes shares of almost all financial institutions lower.

  4. NBC 5 Dallas-Fort Worth

    Silicon Valley Bank Is Shut Down by Regulators, FDIC to Protect Insured Deposits (opens NBC 5 Dallas-Fort Worth)

    Published

    NBC 5 Dallas-Fort Worth's feed description

    This is breaking news. Please check back for updates.

  5. Quartz

    Silicon Valley Bank is the first FDIC-insured bank to fail in 2023 (opens Quartz)

    Published

    Quartz's feed description

    The California bank regulator closed SVB and appointed the FDIC as a receiver

  6. Los Angeles Times

    Silicon Valley Bank collapses, enters FDIC receivership (opens Los Angeles Times)

    Published

    Los Angeles Times's feed description

    Silicon Valley Bank has collapsed into FDIC receivership after its long-established customer base of tech startups grew worried and yanked deposits.

  7. CBS News

    Silicon Valley Bank with Massachusetts branches seized by FDIC as depositors pull cash (opens CBS News)

    Published

    CBS News's feed description

    It's the largest bank failure since 2008.

  8. Bloomberg

    Silicon Valley Bank Collapses and Enters FDIC Receivership (opens Bloomberg)

    Published

    Bloomberg's feed description

    Silicon Valley Bank collapsed into Federal Deposit Insurance Corp. receivership on Friday, after its long-established customer base of tech startups grew worried and yanked deposits.

  9. FOX Business

    Silicon Valley Bank shut down by regulators (opens FOX Business)

    Published

    FOX Business's feed description

    The FDIC took control of Silicon Valley Bank on Friday in order to secure depositors, after a run on the bank led California regulators to shut it down.

Identical headlines usually mean shared wire copy. They are counted as separate articles but are not independent confirmation.

Silicon Valley Bank seized by FDIC as depositors pull cash | Since Then