Get all your news in one place.

100's of premium titles.
One app.

Get all your news in one place.

100's of premium titles. One news app.

The Guardian - US

World

Reuters

Why did Silicon Valley Bank fail?

Silicon Valley Bank SVB Interest Rates FDIC

SVB was forced to recognize a $1.8bn loss on Wednesday. Photograph: Justin Sullivan/Getty Images

The shutdown and takeover of Silicon Valley Bank by regulators on Friday can be traced to the US Federal Reserve raising interest rates and souring the risk appetite of investors.

Here is the sequence of events that led to the failure:

Sign up to read this article

Read news from 100's of titles, curated specifically for you.

Already a member? Sign in here

Top stories on inkl right now

Bangladesh party backs CJP stir, ex-Yunus aide seeks Modi's fall

Bangladesh party backs CJP stir, ex-Yunus aide seeks Modi's fall

DHAKA: Hardline Jamaat-e-Islami ally and NCP convener Nahid Islam, a key member of the July 2024 movement that led to Sheikh Hasina's ouster as Bangladesh PM, backed the CJP-spearheaded protests in New Delhi, while a former adviser to the erstwhile Muhammad Yunus-led interim govt said he was waiting to witness…

The Times of India

Pennsylvania shooter who killed 8 was family’s patriarch, slain toddler’s dad says

Pennsylvania shooter who killed 8 was family’s patriarch, slain toddler’s dad says

A man whose toddler was among eight people killed in a mass shooting in Erie, Pennsylvania, says the gunman was a grandfather who never seemed distressed or out of the ordinary

The Independent UK

Republican Facing Child Rape Charges Could Become Louisiana Police Chief After Opponent Withdraws From Election

Republican Facing Child Rape Charges Could Become Louisiana Police Chief After Opponent Withdraws From Election

Christopher Paul is expected to win Elizabeth's police chief election unopposed after his opponent withdrew over Hatch Act concerns, despite pending allegations involving two girls.

International Business Times UK

Bubba Wallace, Alex Bowman uninjured after vicious crash in Charlotte NASCAR Cup race

Bubba Wallace, Alex Bowman uninjured after vicious crash in Charlotte NASCAR Cup race

Wallace very gingerly climbed out of his destroyed No. 23 Toyota, but thankfully walked away under his own power

One subscription that gives you access to news from hundreds of sites

Already a member? Sign in here

Colorado woman was accused of stealing by sergeant who said he’d been watching her movements for a month. She is now suing both him and Flock Safety

Colorado woman was accused of stealing by sergeant who said he’d been watching her movements for a month. She is now suing both him and Flock Safety

Another surveillance fiasco.

We Got This Covered

Georgia family of 5 dead in apparent murder-suicide

Georgia family of 5 dead in apparent murder-suicide

‘This was a hard scene for everybody involved,’ Coffee County Sheriff Fred Cole said

The Independent UK

Related Stories

Top stories on inkl right now

Bangladesh party backs CJP stir, ex-Yunus aide seeks Modi's fall

Bangladesh party backs CJP stir, ex-Yunus aide seeks Modi's fall

DHAKA: Hardline Jamaat-e-Islami ally and NCP convener Nahid Islam, a key member of the July 2024 movement that led to Sheikh Hasina's ouster as Bangladesh PM, backed the CJP-spearheaded protests in New Delhi, while a former adviser to the erstwhile Muhammad Yunus-led interim govt said he was waiting to witness…

The Times of India

Pennsylvania shooter who killed 8 was family’s patriarch, slain toddler’s dad says

Pennsylvania shooter who killed 8 was family’s patriarch, slain toddler’s dad says

A man whose toddler was among eight people killed in a mass shooting in Erie, Pennsylvania, says the gunman was a grandfather who never seemed distressed or out of the ordinary

The Independent UK

Republican Facing Child Rape Charges Could Become Louisiana Police Chief After Opponent Withdraws From Election

Republican Facing Child Rape Charges Could Become Louisiana Police Chief After Opponent Withdraws From Election

Christopher Paul is expected to win Elizabeth's police chief election unopposed after his opponent withdrew over Hatch Act concerns, despite pending allegations involving two girls.

International Business Times UK

Bubba Wallace, Alex Bowman uninjured after vicious crash in Charlotte NASCAR Cup race

Bubba Wallace, Alex Bowman uninjured after vicious crash in Charlotte NASCAR Cup race

Wallace very gingerly climbed out of his destroyed No. 23 Toyota, but thankfully walked away under his own power

One subscription that gives you access to news from hundreds of sites

Already a member? Sign in here

Colorado woman was accused of stealing by sergeant who said he’d been watching her movements for a month. She is now suing both him and Flock Safety

Colorado woman was accused of stealing by sergeant who said he’d been watching her movements for a month. She is now suing both him and Flock Safety

Another surveillance fiasco.

We Got This Covered

Georgia family of 5 dead in apparent murder-suicide

Georgia family of 5 dead in apparent murder-suicide

‘This was a hard scene for everybody involved,’ Coffee County Sheriff Fred Cole said

The Independent UK

Our Picks

The Beach Boys’ Mike Love returns to the stage despite ‘facing serious health challenges’

The 85-year-old was helped on stage by actor John Stamos, who shared an emotional message about his ‘musical hero and mentor’

The Guardian - AU

Columbia woman spends $10 on a tiny Chipotle burrito and complains online. Then she finds out she allegedly offended the entire ‘burrito community’

That's a character-building experience.

We Got This Covered

Kelly Clarkson Slams Brooklyn Store After Being Treated Like She Couldn't Afford Its Products in 'Pretty Woman' Moment

Kelly Clarkson says an Art of Play employee treated her as though she could not afford its products. The Brooklyn shop has shared positive reviews but has not publicly explained the encounter.

International Business Times UK

Kelly Clarkson Blasts Brooklyn Store After Employee Allegedly Assumes She Can’t Afford Their Products: ‘You’re An Idiot’

Kelly Clarkson shared an alleged unpleasant shopping experience at a Brooklyn store, prompting fans to react and sparking backlash against the business.

Walmart shopper buys a Frigidaire ice maker and heads home. Then she opens the box and realizes she brought home a roach motel: ‘Want my money back’

What Should You Do If You Find Cockroaches in a Boxed Appliance You Just Bought?

We Got This Covered

Massachusetts man delivers tanks to a basement. Then he turns a corner and finds a life-size lion figure: ‘Everything cool, everything normal’

"Why is it so realistic?"

We Got This Covered

Fourteen days free

Download the app

One app. One membership.
100+ trusted global sources.

Download on the AppStore

Get it on Google Play