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The Rise and Fall of Silicon Valley Bank (SVB): A Timeline and analysis
Published On 18/10/2025 | Last update: 20:28 (Mecca time)
What Happened?
Silicon Valley Bank (SVB),a major financial institution catering to startups and venture capital firms,collapsed in March 2023,marking the second-largest bank failure in U.S.history. The rapid downfall stemmed from a classic bank run, triggered by concerns over SVB’s asset-liability mismatch and its exposure to rising interest rates. On March 10, 2023, SVB announced a $1.8 billion loss from the sale of securities and plans to raise over $2 billion in capital, sparking widespread panic among depositors.
The bank run accelerated as venture capitalists and startups advised their portfolio companies to withdraw funds. By March 10th,$42 billion in deposits were withdrawn,depleting SVB’s reserves. Regulators intervened on March 10, 2023, placing SVB under the control of the Federal Deposit Insurance Corporation (FDIC).
Timeline of Events
| Date | Event |
|---|---|
| February 28, 2023 | SVB reports its year-end results, highlighting a important increase in unrealized losses on its bond portfolio due to rising interest rates. Source: SVB Press Release |
| March 8, 2023 | Venture capitalist Bill Gurley tweets about SVB’s balance sheet, raising concerns among his followers. Source: Bill Gurley’s Twitter Feed |
| March 9, 2023 | Peter Thiel’s Founders Fund reportedly advises its portfolio companies to withdraw funds from SVB.source: Bloomberg |
| March 10, 2023 | SVB announces a $1.8 billion loss and plans to raise $2.25 billion in capital. Shares plummet 60%. The FDIC takes control of SVB.
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