Greg Becker, CEO of SVB Financial, is shown speaking during the Milken Institute Global Conference in Beverly Hills, California, on May 3, 2022.
Greg Becker, CEO of SVB Financial
  • Regulators shut down Silicon Valley Bank on Friday following a catastrophic bank run.
  • Silicon Valley Bank had $209 billion in assets as of the end of 2022, according to the FDIC.
  • The largest bank failure before that was Washington Mutual in 2008, which had $307 billion in assets.

Regulators closed down Silicon Valley Bank on Friday, making it the largest bank failure in the US since the 2008 financial crisis.