The demise of Silicon Valley Bank wasn’t driven by credit problems but by an old-fashioned mismatch of assets and liabilities that doomed many thrifts back in the 1970s.
California regulators seized Silicon Valley Bank, whose parent is Santa Clara-based
SVB
Financial (ticker: SIVB), on Friday after a deposit run. It was the biggest bank failure since
Washington Mutual
in 2008.
Source: https://www.barrons.com/articles/svb-silicon-valley-bank-rates-securities-693c931c?siteid=yhoof2&yptr=yahoo