3min chapter

Down to Business English cover image

The Silicon Valley Bank Collapse

Down to Business English

CHAPTER

The History of Silicon Valley Bank

SVB was not a household name the way Lehman Brothers was when it collapsed back in 2008. At their zenith, in 2021, SVB was worth $44 billion and managed $200 billion of assets. They were friends and former employees of Bank of America to provide specialized banking services.

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