bank's gone bust

The Silicon Valley Bank Collapse, Visualized

The Silicon Valley Bank Collapse, Visualized
SVB's collapse could prove to be the second biggest bank failure in American history. Here's a timeline of the events leading up to the crisis.
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The US banking sector is currently in a state of chaos. Last week, tech startup lender Silicon Valley Bank (SVB) was shut down by regulators after it reported a $1.8 billion loss, a subsequent bank run saw its clients drawing on their deposits and shares in its parent company plummeted 86 percent.

The turmoil at SVB sparked fears of a contagion effect across the banking sector, and triggered the selloff of major banking stocks. Wall Street's four biggest banks — JPMorgan Chase, Bank of America, Wells Fargo and Morgan Stanley — shed a combined $55 billion in market value Thursday, and the price of the US' leading publicly-traded banks saw their biggest drop in almost three years.

The US government has since announced it will guarantee all deposit accounts at the institution, but how did SVB — the sixteenth largest bank in the US until Friday — get here? To help us understand, Visual Capitalist has visualized a timeline of the key events leading up to the bank's collapse.


Click image to enlarge

silicon valley bank collapse svb bank crisis timeline



Via Visual Capitalist.

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