Silicon Valley Bank insiders borrowed a record $219 million from the lender as its troubles built

• Silicon Valley Bank made loans worth $219 million to insiders as its troubles built, per Bloomberg.
• The record high loans in the final months of 2022 were triple the amount of the quarter before.
• California-based SVP was closed down by US regulators in March after it got into financial difficulties. 

In the lead-up to Silicon Valley Bank's historic collapse, insiders at the California-based lender scooped up a record $219 million worth of loans.

SVB issued the loans to company bigwigs — from directors to key shareholders — in the last quarter of 2022, Bloomberg reported Tuesday.