Silicon Valley Bank seized by California regulators amid bank run

Silicon Valley, the nation's 16th largest bank, collapsed on mar. 10 as depositors rushed to withdraw their money after the bank revealed a big loss on its bond holdings. The bank is now controlled by California regulators, and officials with FDIC say insured depositors will have access to their money by Monday. This marks the largest failure of a financial institution in the U.S. since Washington Mutual in 2008, during the height of a financial crisis that led to the Great Recession.

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