Silicon Valley Bank Collapses in $212 Billion Bank Run, Third-Largest U.S. Bank Failure Caused by Regulatory Rollback

California regulators close Silicon Valley Bank and appoint the FDIC as receiver after a catastrophic bank run, marking the third-largest bank failure in U.S. history and the largest since the 2008 financial crisis. SVB, the 16th largest U.S. bank with $212 billion in assets, collapses due to …