Company profile
- Industry
- Commercial banking
- Founded
- 1983
- Headquarters
- Santa Clara, United States
- Ownership
- Acquired by First Citizens in 2023 following collapse
Profiles are auto-generated and infrequently updated.
The analyses
The Counterfactual · Decision Forks
SVB's Depositors All Knew Each Other and Pulled $40 Billion in a Single Day
SVB's $91 billion bond book lit the fuse. But the bomb was a depositor base so networked it pulled $40+ billion in a single day - March 9, 2023. No diversified bank could run on itself that fast.
8 min
The Fall · Decision Forks
The Fed Flagged SVB's Rate Risk Three Years Running — Then $42 Billion Left in a Day
The story is a freak 36-hour bank run. The real number is uglier: $42 billion gone in one day, on a bank the Fed had flagged for interest-rate risk in 2020, 2021, and 2022 — and never once forced to fix.
8 min