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Biden 'pleased' with Feds' response on Silicon Valley Bank collapse, set to soon address deposits and closures SVB, the 16th-largest bank in the U.S., failed Friday when depositors rushed to ...

When Silicon Valley Bank collapsed on Friday, ... SVB announced that it suffered a $1.8 billion after-tax loss and urgently needed to raise more capital to address depositor concerns.

SANTA CLARA — Silicon Valley Bank regulators failed to identify and assess fast-expanding risks that ultimately doomed the collapsed financial high-flyer known for catering to the tech sector, a ...