San Jose
San Jose
Tech startup lender Silicon Valley Bank collapses, triggering U.S. economic fears
The 16th largest bank in the U.S. and one of the key lending partners to countless Bay Area tech startups has failed. Silicon Valley Bank, which is responsible for $210 billion in assets, collapsed on Friday, sending shockwaves across the U.S. economy. It is being reported as the biggest banking collapse since the fall of Washington Mutual in 2008.