Silicon Valley Bank (2023)

URI: https://gptkb.org/entity/Silicon_Valley_Bank_(2023)

GPTKB entity

Statements (46)

Predicate	Object
gptkbp:instanceOf	gptkb:bank
gptkbp:abbreviation	gptkb:SVB
gptkbp:acquiredBy	gptkb:First_Citizens_BancShares
gptkbp:assetsAtCollapse	over $200 billion
gptkbp:CEOAtCollapse	Gregory W. Becker
gptkbp:collapsed	2023-03-10 liquidity crisis losses on bond portfolio rapid withdrawal of deposits
gptkbp:country	gptkb:United_States
gptkbp:event	gptkb:bank
gptkbp:FDICReceivership	2023-03-10
gptkbp:focus	startups venture capital technology companies
gptkbp:founded	1983
gptkbp:headquarters	gptkb:Santa_Clara,_California
https://www.w3.org/2000/01/rdf-schema#label	Silicon Valley Bank (2023)
gptkbp:industry	banking
gptkbp:location	gptkb:Santa_Clara,_California
gptkbp:name	gptkb:Silicon_Valley_Bank
gptkbp:notableClient	gptkb:Pinterest gptkb:Shopify gptkb:Vox_Media gptkb:Etsy gptkb:Circle gptkb:Roblox gptkb:Roku many venture capital firms
gptkbp:notableEvent	affected global tech sector largest bank failure since 2008 financial crisis prompted emergency measures by Federal Reserve prompted government intervention second-largest bank failure in U.S. history sparked debate on banking regulation triggered banking crisis in 2023 prompted similar runs at other banks (Signature Bank, First Republic Bank)
gptkbp:numberOfEmployees	about 8,500 (2022)
gptkbp:parentCompany	gptkb:SVB_Financial_Group
gptkbp:regulates	gptkb:Federal_Deposit_Insurance_Corporation
gptkbp:stockExchange	gptkb:NASDAQ
gptkbp:stockSymbol	gptkb:SIVB
gptkbp:successor	gptkb:First_Citizens_Bank
gptkbp:website	https://www.svb.com/
gptkbp:bfsParent	gptkb:First_Citizens_Bank
gptkbp:bfsLayer	7