Silicon Valley Bank, a regional lender with $210 billion in assets, served the tech industry for 40 years. Below is a timeline of the Silicon Valley Bank collapse, the spread of concern across the financial system and the effort to contain the economic fallout. What to know about the Silicon Valley Bank collapse2020 to 2022 – Silicon Valley Bank's deposit base, which draws heavily from startup firms in the tech industry, tripled in size during the pandemic-era tech boom. March 9 – Shares of Silicon Valley Bank fell 60% in response to investor concern about the bank's distressed financial position. A timeline of the Silicon Valley Bank collapse originally appeared on abcnews.go.com

Source: ABC News March 14, 2023 22:34 UTC