Silicon Valley Bank Is the 2nd Largest Bank Failure
Submitted by Flynn Zito Capital Management on March 13th, 2023
It will take some time, but the FDIC was designed for moments like this
The FDIC-seizure of Silicon Valley Bank is the second-largest US bank failure in history as it held $209 billion in assets at the time of its collapse. Even after adjusting for inflation, by assets it trails only Washington Mutual, which held $434 billion in assets when it failed in 2008.