Silicon Valley Bank (SVB) collapsed on Friday (10 March 2023). US regulators had put it under the control of the US Federal Deposit Insurance Corporation. If you never heard of Silicon Valley Bank, the bank is a startup focused lender whereby they lend money to US technology companies focusing on innovation. As of Q4 2022, the bank held an asset of $212 billion, $74 billion loans and $342 billion client funds. What Happened to Silicon Valley Bank? On 8th March 2023, Silicon Valley Bank announced it had sold off their Available for Sale (AFS) securities portfolio and it will attempt to raise $2.25 billion in new shares (public offering) to strengthen their financial position. This triggered a panic among venture capital firms and companies to withdraw their monies from the bank. The depositors were withdrawing their money so fast that the bank was insolvent. Below is the exact details of Silicon Valley Bank’s letter to stakeholders that triggered the crisis....