Silicon Valley Bank collapse. Warning sign for US finance?

A security guard stands outside of the entrance of the Silicon Valley Bank headquarters in Santa Clara, California, U.S., March 13, 2023. Photo by REUTERS/Brittany Hosea-Small.

Silicon Valley Bank is the largest bank to fall since the 2008 financial crisis. The regional institution, which had $200 billion in assets, was a favorite for tech start-ups and venture capital firms. However, clients began pulling their money as rumors swirled that the bank was facing a cash crunch. Then on Sunday, regulators shut down Signature Bank, a New York regional bank. Panic is now spreading as Americans wonder if this could lead to another financial crisis. President Joe Biden says the American financial system is safe. 



  • Zach Warmbrodt - financial services editor and “Morning Money” newsletter writer, Politico