The 2nd Biggest Bank Failure In American History: Silicon Valley Bank Is No More

<p dir="ltr">Just days after Silvergate announced an orderly winding down, Silicon Valley Bank has come to a very disorderly end. Today, California regulators stepped in to put the bank in FDIC receivership. NLW explains how we got here and what it might mean. </p> <div data-pm-slice="1 1 []" data-en-clipboard="true">Enjoying this content?</div> <div> </div> <div>SUBSCRIBE to the Podcast</div> <div>Apple:  <a href= "https://podcasts.apple.com/podcast/id1438693620?at=1000lSDb" rev= "en_rl_none">https://podcasts.apple.com/podcast/id1438693620?at=1000lSDb</a></div> <div>Spotify: <a href= "https://open.spotify.com/show/538vuul1PuorUDwgkC8JWF?si=ddSvD-HST2e_E7wgxcjtfQ" rev= "en_rl_none">https://open.spotify.com/show/538vuul1PuorUDwgkC8JWF?si=ddSvD-HST2e_E7wgxcjtfQ</a></div> <div>Google: <a href= "https://podcasts.google.com/feed/aHR0cHM6Ly9ubHdjcnlwdG8ubGlic3luLmNvbS9yc3M=" rev= "en_rl_none">https://podcasts.google.com/feed/aHR0cHM6Ly9ubHdjcnlwdG8ubGlic3luLmNvbS9yc3M=</a></div> <div> </div> <div>Join the discussion: <a href="https://discord.gg/VrKRrfKCz8" rev="en_rl_none">https://discord.gg/VrKRrfKCz8</a></div> <div> </div> <div>Follow on Twitter:</div> <div>NLW: <a href="https://twitter.com/nlw" rev= "en_rl_none">https://twitter.com/nlw</a></div> <div>Breakdown: <a href="https://twitter.com/BreakdownNLW" rev="en_rl_none">https://twitter.com/BreakdownNLW</a></div> <p><strong> </strong></p> <p dir="ltr">-</p> <p dir="ltr"><em>“The Breakdown” is written, produced and narrated by Nathaniel Whittemore aka NLW, with editing by <a href= "mailto:michele@coindesk.com">Michele Musso</a> and research by Scott Hill. Jared Schwartz is our executive producer and our theme music is “Countdown” by Neon Beach. Music behind our sponsor today is “Foothill Blvd” by Sam Barsh. Image credit: Justin Sullivan / Getty Images, modified by CoinDesk. </em></p> <p dir="ltr"><em>Join the discussion at <a href= "http://discord.gg/VrKRrfKCz8">discord.gg/VrKRrfKCz8</a>.</em></p> <p><em><strong> </strong></em></p> <p dir="ltr"><em>Join the most impor