Silicon Valley Bank headquarters in Santa Clara, CA (David Paul Morris/Bloomberg via Getty Images)
March 10, 2023 01:01 PM ESTUpdated March 12, 05:51 PM
Pharma

Sil­i­con Val­ley Bank, which served bio and tech sec­tors, is shut down af­ter days of tur­moil

Drew Armstrong

Executive Editor

Kyle LaHucik

Senior Reporter

Paul Schloesser

Associate Editor

Sil­i­con Val­ley Bank, the bank­ing arm of SVB Fi­nan­cial Group, has been shut down and tak­en over by gov­ern­ment au­thor­i­ties af­ter days of spec­u­la­tion about …

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