Tag: Greg Becker

  • Silicon Valley Bank shut down by regulators, FDIC takes control

    SANTA CLARA, Calif. — Silicon Valley Bank collapsed Friday in the second-biggest bank failure in U.S. history after a run on deposits thwarted the tech-focused lender’s plans to raise fresh capital. The Federal Deposit Insurance Corp. said it has taken control of the bank through a new entity it created, the Deposit Insurance National Bank […]