President Biden and regulators try to contain the damage from the closure of Silicon Valley Bank and bolster confidence in the US banking system.
What we know about the bank failure and fallout.
Silicon Valley Bank, one of tech’s favorite lenders, collapsed on Friday after 48 hours of chaos, becoming the second-largest bank failure in US history.
The bank’s blowup has sent shockwaves across the tech sector, Wall Street, and Washington, DC, amid concerns that other banks could be in trouble or that contagion could set in.
