Silicon Valley Bank is being shut down today by regulators

Silicon Valley Bank has been closed by regulators, which are now in charge of the bank’s deposits, according to a release sent out by the Federal Deposit Insurance Corporation on Friday. While banking activities in SVB’s 17 branches are closed today, SVB’s operations will resume on Monday – this time, with the FDIC in charge. […] Silicon Valley Bank is being shut down today by regulators by Natasha Mascarenhas originally published on TechCrunch...