Banks Inflation

A person from inside Silicon Valley Bank, middle rear, talks to people waiting outside of an entrance to Silicon Valley Bank in Santa Clara, Calif., Friday, March 10, 2023. The Federal Deposit Insurance Corporation seized the assets of the bank on Friday, marking the largest bank failure since Washington Mutual during the height of the 2008 financial crisis. (AP Photo/Jeff Chiu)

The Federal Deposit Insurance Corp. took control of Silicon Valley Bank after its failure Friday.

SVB is the second largest bank failure in U.S. history behind only Washington Mutual’s $386 billion failure in 2008.

Recommended for you