Silicon Valley Bank the collapse
The largest bank to have failed since 2008 and the 2nd largest bank to have failed in US history. Silicon Valley Bank (SVB) was a bank that specialized in serving technology and innovation companies . It closed its doors in March 2023. Silicon Valley Bank served: Technology companies: This includes companies of all sizes, from startups to established giants, across various tech subfields like software, hardware, internet, and telecommunications. Life Sciences: Pharmaceutical and biotechnology companies, medical device manufacturers, and healthcare organizations were also major clients. Venture Capital & Private Equity: SVB provided specialized services to investors financing these types of companies. Premium Wine: This niche industry also benefited from SVB's unique understanding of their needs Their clients even included AirBnb , Fitbit and Pintrest Let's examine the factors that led to the downfall of this niche bank. While the Russia-Ukraine war and the pandem