Here are some things to know about the bank collapse:What is Silicon Valley Bank? Silicon Valley Bank, based in Santa Clara, California, is a publicly traded company, The Washington Post reported. Silicon Valley Bank on Friday became the biggest American bank to fail since the collapse of Washington Mutual in 2008, at the height of the global financial crisis. Silicon Valley Bank held a large number of Treasury and other government bonds, the Post reported. Silicon Valley Bank joins that list.

Source: Washington Post March 11, 2023 21:54 UTC