Silicon Valley Bank Failure – Key Questions and Considerations

Summary

This article discusses the key issues involved in the collapse of Silicon Valley Bank, including background information, the impact on lending transactions in the U.S., and where to find general information in connection with the legal issues surrounding bank failure. On Friday, March 10, 2023, California financial regulators stepped in and took possession of SVB and put it into FDIC (Federal Deposit Insurance Corporation) receivership, in what was the largest failure of a U.S. bank since 2008. Silicon Valley Bank (SVB) specialized in lending to businesses (particularly start-ups) in the technology and life science sectors.