March 2023 United States bank failures American commercial bank Silicon Valley Bank is forcibly shut down by regulators for the U.S. state of California, and its assets controlled by the Federal Deposit Insurance Corporation, after the bank failed to raise enough capital and a subsequent bank run occurred. With assets totalling US$209 billion, the bank's closure is the second-largest bank failure in American history. Silicon Valley Bank collapses after failing to raise capital | CNN Business © CNN Sources: CNN The Independent
