2023 Silicon Valley Bank collapse

URI: https://gptkb.org/entity/2023_Silicon_Valley_Bank_collapse
GPTKB entity
Statements (33)
Predicate Object
gptkbp:instanceOf gptkb:bank
gptkbp:acquirer gptkb:First_Citizens_BancShares
gptkbp:acquisitionYear March 27, 2023
gptkbp:affectedBank gptkb:Silicon_Valley_Bank
gptkbp:assetsAtTimeOfCollapse over $200 billion
gptkbp:category 2023 in economics
bank failures in the United States
gptkbp:cause gptkb:bank
liquidity crisis
gptkbp:consequence FDIC receivership
bank closure
market turmoil
gptkbp:date March 10, 2023
gptkbp:depositsAtTimeOfCollapse over $175 billion
gptkbp:followedBy First Republic Bank crisis
gptkbp:governmentResponse guaranteed all deposits
invoked systemic risk exception
https://www.w3.org/2000/01/rdf-schema#label 2023 Silicon Valley Bank collapse
gptkbp:impact stock market volatility
banking sector instability
scrutiny of bank regulation
gptkbp:largestBankFailureSince gptkb:2008_financial_crisis
gptkbp:location gptkb:Santa_Clara,_California
gptkbp:mediaCoverage global
gptkbp:notableDepositors venture capital firms
technology startups
gptkbp:parentCompany gptkb:SVB_Financial_Group
gptkbp:precededBy Signature Bank collapse
gptkbp:regulates gptkb:Federal_Deposit_Insurance_Corporation
gptkbp:triggeredBy losses on bond portfolio
rapid interest rate hikes
gptkbp:bfsParent gptkb:U.S._response_to_2023_Silicon_Valley_Bank_collapse
gptkbp:bfsLayer 8