'No doubt' that more banks will fail after Silicon Valley Bank's implosion, says the FDIC chair who oversaw part of the 1980s banking crisis

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Employees stand outside of the shuttered Silicon Valley Bank (SVB) headquarters on March 10, 2023 in Santa Clara, California.
Employees stand outside of the shuttered Silicon Valley Bank (SVB) headquarters on March 10, 2023 in Santa Clara, California.

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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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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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A married couple who both worked for Silicon Valley Bank said they're 'grieving the loss' after its collapse

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SVB HQ
Regulators took over Silicon Valley Bank on Friday.

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Silicon Valley Bank catered to Napa Valley wineries and could finance 'French oak barrels' if needed. The bank's demise 'surprised everyone,' a vineyard owner says.

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Cellar worker sorts Cabernet Sauvignon grapes.
A cellar worker checks Cabernet Sauvignon grapes before it enters a sorting machine.

Eric Risberg/AP

How much will Silicon Valley Bank customers get back from the money they deposited? They may not recover it all, analysts say.

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Money under lock
Money under lock

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Silicon Valley Bank's sudden implosion has become meme gold

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A Brinks armored truck sits parked in front of the shuttered Silicon Valley Bank (SVB) headquarters on March 10, 2023 in Santa Clara, California.
Silicon Valley Bank was shut down by federal regulators Friday.

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Wondering what the hell just happened at SVB? Here's everything you need to know

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CEO of SVB Financial Greg Becker looks out across a stake while speaking at the Watermark Conference for Women 2018 on February 23, 2018 in San Jose, California.
CEO of SVB Financial Greg Becker.

Photo by Marla Aufmuth/Getty Images for Watermark Conference for Women 2018

Popular kids' toy store Camp is begging customers for cash because its money is tied up in SVB. It's one of thousands of startups that now faces uncertainty.

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Popup on Camp's website advertising its 40% off sale after SVB collapse
Camp's website is advertising its 40% off sale after Silicon Valley Bank's collapse.

Camp.com

NYPD called to Silicon Valley Bank branch to respond to 'disorderly group' after SVB's shocking collapse

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Silicon Valley Bank
Silicon Valley Bank was closed down on Friday by regulators.

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