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Bank failures add another dose of anxiety to uncertain economy

Mar 13, 2023
Viral terms like "bank run" do not help when we're already looking at high prices, rising interest rates and big layoffs in tech.
People line up outside a Silicon Valley Bank office in Santa Clara, California, on Monday. Worries were stoked by widespread news of bank failures, and some people received alarming emails from vendors associated with SVB.
Justin Sullivan/Getty Images

How Silicon Valley Bank failed

Mar 10, 2023
The swift and chaotic failure of SVB left CEOs and investors unable to access their money. Should we be worried about contagion?
People line up outside the shuttered Silicon Valley Bank headquarters Friday in Santa Clara, California. With venture capitalists' accounts dwindling and its bond assets losing value, SVB suffered.
Justin Sullivan/Getty Images

For public good, not for profit.

Silicon Valley Bank is seized by U.S. after historic failure

Mar 10, 2023
The bank's failure arrived with incredible speed, with some industry analysts on Friday suggesting it was still likely a wise investment.
The Silicon Valley Bank headquarters in Santa Clara, California, on March 10.
Noah Berger/AFP via Getty Images