Silicon Valley Bank’s Mess Is Now Everyone’s Problem!  Is this just the tip of the iceberg?

Only last month, Silicon Valley Bank ranked among the top 20 in Forbes' list of best US banks of 2023. By Friday afternoon, the once-trusted bank of venture capital investors and tech startups was closed down by regulators, in what has now become the second-largest bank failure in the US. ... the coup de grâce appeared to be a traditional bank run. On Thursday, more startup founders moved to make withdrawals, apparently rattled by SVB's falling stock and the losses that the bank took on the sale of $21 billion in bond investments.

https://www.businessinsider.com/svb-failure-what-the-hell-happened-2023-3