Get access to exclusive coverage about Silicon Valley Bank (SVB)

 Get Started

Silicon Valley Bank (SVB)

the information reporters
the information reporters
recent stories most popular stories
Recent stories about Silicon Valley Bank (SVB)
Cover art and portraits by Clark Miller
The Big Read

The Instant Oral History of the Silicon Valley Bank Collapse

By Abram Brown, Annie Goldsmith, Margaux MacColl, Arielle Pardes, Nick Wingfield and Kaya Yurieff · March 17, 2023 11:26 AM PDT · 2 comments
On a cosmic level, the collapse of Silicon Valley Bank was a mere blip. The murmurs about trouble began last Wednesday, the panic spread via group texts and Twitter threads on Thursday, the bank went under on Friday, the government got its act together on Saturday, and on Sunday every current and former customer of SVB could breathe a cautious... On a cosmic level, the collapse of Silicon Valley Bank was a mere blip. The murmurs about trouble...
Two Silicon Valley Bank customers enter a branch in Palo Alto, Calif., on Monday. Photo by AP.
Exclusive
startups

Government Will Likely Only Sell Silicon Valley Bank to Another Bank, Sources Say

By Michael Roddan, Erin Woo and Lauren Tara LaCapra · March 15, 2023 11:18 AM PDT · 9 comments
The U.S. government will likely only sell Silicon Valley Bank to another bank, people familiar with the matter said, essentially ruling out the private equity firms and venture capitalists that had been exploring making a bid. The Federal Deposit Insurance Corp. took over SVB, which failed Friday, and is in the process of selling it. A person... The U.S. government will likely only sell Silicon Valley Bank to another bank, people familiar...
People line up outside of the shuttered Silicon Valley Bank headquarters on March 10 in Santa Clara, Calif. Photo by Getty.
Exclusive
startups venture capital

The Final Breaths of Silicon Valley Bank

By Michael Roddan, Lauren Tara LaCapra and Kate Clark · March 11, 2023 5:30 AM PST · 16 comments
Silicon Valley Bank wasn't just a bank—it was a central artery in the venture capital circulatory system. VC firms recruiting new partners would tell them SVB could set them up with a mortgage in a day. The bank wined and dined the industry in Napa. It sponsored numerous events across the Valley. While other banks that routinely... Silicon Valley Bank wasn't just a bank—it was a central artery in the venture capital...
Silicon Valley Bank headquarters. Photo by Bloomberg.
Silicon Valley Bank Fails After No Buyer Emerges. What Happens Next?
By Lauren Tara LaCapra, Michael Roddan and Maria Heeter · March 10, 2023 7:03 AM PST · 10 comments
Silicon Valley Bank headquarters. Photo by Bloomberg.
startups

Silicon Valley Bank Fails After No Buyer Emerges. What Happens Next?

By Lauren Tara LaCapra, Michael Roddan and Maria Heeter · March 10, 2023 7:03 AM PST · 10 comments
Silicon Valley Bank failed on Friday after it couldn't find a buyer, with the Federal Deposit Insurance Corp. taking over its assets and liabilities, sending shivers through the startup world. The failure came after a tense period during which many of SVB's customers fled as the bank frantically tried to raise capital to... Silicon Valley Bank failed on Friday after it couldn't find a buyer, with the Federal Deposit...
Silicon Valley Bank headquarters in Santa Clara, California. Photo by Bloomberg
asia

Silicon Valley Bank’s Troubles Threaten a Key Bridge Between Chinese Startups and U.S. Investors

By Juro Osawa and Shai Oster · March 10, 2023 5:42 AM PST
The panic over the status of Silicon Valley Bank intensified on Friday, as the stock of SVB’s parent fell another 66% in pre-trading hours. Meanwhile, anxieties spread to China overnight, prompting local venture capitalists and entrepreneurs to follow their U.S. counterparts and look for alternative banks for their U.S. dollar holdings. ... The panic over the status of Silicon Valley Bank intensified on Friday, as the stock of...
Greg Becker, chief executive officer of Silicon Valley Bank. Photo by Bloomberg.
The Briefing
startups venture capital

Silicon Valley Bank’s Spiral

By Martin Peers · March 9, 2023 5:00 PM PST
What a panic. You might have thought a new coronavirus had surfaced in Silicon Valley Bank’s Santa Clara, Calif., headquarters, as SVB investors (and, apparently, depositors) rushed for the exits. SVB’s shares fell 60% in regular trading and another 21% after hours. This doesn’t seem likely to end well. My best guess is that SVB will get... What a panic. You might have thought a new coronavirus had surfaced in Silicon Valley Bank’s...
Most popular stories on Silicon Valley Bank (SVB)
Exclusive

Silicon Valley Bank CEO Tells VC Clients to ‘Stay Calm’

By Erin Woo, Amir Efrati, Lauren Tara LaCapra, Michael Roddan, Kate Clark and Kaya Yurieff · March 9, 2023 12:02 PM PST · 8 comments
Silicon Valley Bank CEO Greg Becker on Thursday told top venture capitalists in Silicon Valley to “stay calm” amid concerns around a capital crunch that wiped nearly $10 billion off the bank’s market valuation. On a call, Becker said that “calls started coming and started panic.” He added that the bank has... Silicon Valley Bank CEO Greg Becker on Thursday told top venture capitalists in Silicon Valley to...
Photo by Bloomberg
Exclusive

Silicon Valley Bank Told Some Customers Money Transfers Are ‘Backed Up’

By Kate Clark and Michael Roddan · March 9, 2023 2:59 PM PST · 5 comments
Silicon Valley Bank on Thursday told at least four clients that wire transfers could be delayed, and the bank’s support phone lines were recently inaccessible. Other clients reported trouble logging in to the company’s website to view their account information and make transfers. One founder who reached an SVB customer support agent... Silicon Valley Bank on Thursday told at least four clients that wire transfers could be delayed,...
Jamie Dimon, chief executive officer of JPMorgan Chase. Photo by Bloomberg.
Exclusive
markets startups

How JPMorgan Maneuvered During the Fall of Silicon Valley Bank

By Lauren Tara LaCapra and Michael Roddan · March 14, 2023 3:10 PM PDT
When Silicon Valley Bank was crumbling last week, eyes turned to the biggest lender in the country—the bank that had stepped in to save failing competitors during the financial crisis in 2008, whose CEO has been called “America’s banker” and whose views and decisions influence the corporate world. But JPMorgan Chase was... When Silicon Valley Bank was crumbling last week, eyes turned to the biggest lender in the...