Silicon Valley Bank, a major lender to technology startups and venture capital firms, collapsed in March 2023 after a rapid bank run triggered by losses on its long-term bond holdings amid rising interest rates, marking the second-largest bank failure in U.S. history at the time. U.S. regulators took over the bank and guaranteed all deposits, including those above the standard insurance limit, to prevent wider contagion across the technology and banking sectors.
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