On Friday morning, California regulators shut down the bank and placed it under the control of the FDIC. About $2.6 billion was designated for commercial real estate. And given that SVB was a mortgage lender too, that must have freaked out a good number of homeowners.
Let's talk about last week. The Real Deal’s Deconstruct explains the catalysts behind the collapse of Silicon Valley Bank and Signature Bank last week and the lasting impact on regional banks, real estate lending and the Fed’s next steps.
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