U.S. regulators shut down Silicon Valley Bank on Friday after a bank run led to its failure, marking the largest bank collapse since the 2008 financial crisis. Summary U.S. regulators shut down Silicon Valley Bank on Friday after a bank run led to its failure, marking the largest bank collapse since the 2008 financial crisis. The sudden collapse of America’s 16th biggest bank quickly reverberated throughout global financial markets and left billions of dollars of corporate and investor cash stranded. …
