The Implosion of Silicon Valley Bank

<p>With federal regulators planning to take over the collapsed Silicon Valley Bank, a 40-year-old institution based in California, nearly $175 billion in customer deposits will be placed under the authorities’ control.</p><p>The lender’s demise is the second-largest bank failure in U.S. history and the largest since the financial crisis in 2008. The debacle raised concerns that other banks could face problems, too.</p><p>Guest: <a href="https://www.nytimes.com/by/emily-flitter?smid=pc-thedaily">Emily Flitter</a>, a finance correspondent for The New York Times.</p><p>Background reading: </p><ul><li>A run on deposits brought<a href="https://www.nytimes.com/2023/03/10/business/silicon-valley-bank-stock.html"> Silicon Valley Bank’s failure</a>.</li><li>Here’s<a href="https://www.nytimes.com/live/2023/03/13/business/silicon-valley-bank/heres-what-you-need-to-know-about-silicon-valley-bank?smid=url-share"> what to know</a> about the fallout from the lender’s collapse.</li></ul><p>For more information on today’s episode, visit <a href="http://nytimes.com/thedaily?smid=pc-thedaily">nytimes.com/thedaily</a>. Transcripts of each episode will be made available by the next workday.</p>