California - Silicon Valley Bank (SVB), https://svb.com, a lender that was a fixture in the venture capital space for decades, collapsed on 10 March 2023. The California Department of Financial Protection and Innovation closed SVB and named the FDIC as the receiver. The trouble started on 08 March 2023 after SVB suddenly announced a plan to raise billions in capital to cover big losses. It set off widespread panic among investors and the tech founders they backed. Shares of the company fell b
