SVB

A Silicon Valley Bank VP, whose grandmother and aunt also worked at the bank, said he's 'heartbroken' for startups affected by its implosion

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Employees stand outside of the shuttered Silicon Valley Bank (SVB) headquarters on March 10, 2023 in Santa Clara, California.
JP Giannini, a vice president at Silicon Valley Bank, said he's "hoping" everything works out for startups affected by the collapse.

Justin Sullivan/Getty Images

Sellers on eBay are trying to auction off Silicon Valley Bank-branded merch, including a cardboard box for $201 and a wine cooler for $42

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SVB-branded tumbler and cardboard box listed on eBay for auction.
A wine tumbler and cardboard box featuring the SVB logo were listed on eBay.

eBay

Stocks on Wall Street battle for direction as SVB's failure ignites fears for banks

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SVB
US stock futures jumped Monday after the Biden administration said it would backstop Silicon Valley Bank's customers.

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Two big Silicon Valley banks failed when the easy money ran out - and that could be just the start.

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Phew. Hey there. Senior reporter Phil Rosen here. Before we jump into the newsletter, the Silicon Valley Bank saga is continuing to unfold, so let's quickly break down the latest.

Silicon Valley Bank's UK unit has been sold to HSBC for $1.21

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Startup founders scrambled to get their funds out of Silicon Valley Bank after its collapse.
Startup founders scrambled to get their funds out of Silicon Valley Bank after its collapse.

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US banks have well over $1 trillion of uninsured deposits. Signature Bank was among the most exposed.

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American flag over US money
American flag over US money

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Signature Bank shut down by regulators

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A worker arrives to the Signature Bank headquarters in New York City, U.S., March 12, 2023. REUTERS/Eduardo Munoz
A worker arrives to the Signature Bank headquarters in New York City, U.S., March 12, 2023.

REUTERS/Eduardo Munoz

US regulators bail out Silicon Valley Bank customers

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A man stands outside Silicon Valley Bank
Silicon Valley Bank employees react to the bank's collapse

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Why Silicon Valley Bank failed

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SVB
Police officers outside SVB's headquarters in Santa Clara, California on Friday.

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Control of Silicon Valley Bank up for auction as federal officials weigh protecting uninsured deposits after collapse

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SVB HQ
Silicon Valley Bank's HQ in Santa Clara, California

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