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Second biggest bank failure in US history: Silicon Valley Bank's collapse

While Federal officials scramble to respond, 12News dives into the bank's connection to Arizona.... ( read more ) LEARN MORE ABOUT: Bank Failures REVEALED: Best Investment During Inflation HOW TO INVEST IN GOLD: Gold IRA Investing HOW TO INVEST IN SILVER: Silver IRA Investing Silicon Valley Bank was once a shining star in the world of banking, a symbol of the innovation and technological prowess of the American economy. Founded in 1983 in Santa Clara, California, the bank quickly became known for its cutting-edge approach to financing startups and emerging technology companies. For years, Silicon Valley Bank (SVB) enjoyed a meteoric rise, becoming one of the largest and most successful banks in the United States. Its reputation for working with high-risk, high-reward clients helped SVB build a formidable client base, including some of the most well-known names in the tech industry. But in 2008, the global financial crisis hit, and SVB was among th...