By Wall Street Journal Mar 13, 2023 6:00 am
The abrupt collapse of the Silicon Valley Bank, the second-biggest bank failure in U.S. history, prompted regulators to impose emergency measures to stem the fallout. WSJ’s Rachel Ensign explains how the crisis unfolded and what could happen next.
On March 9, customers tried to withdraw $42 billion, about a quarter of the bank’s total deposits.