"Silicon Valley Bank would not have lost money if they hadn't run out of cash to give back to their customers. The issue was that people wanted money and they didn't have it - they had it invested and those investments were down." Literally EVERY bank, wait to the normies work out their money isn’t in the vault that doesn’t exist and the bank can decide when and how much money to let them have.

Silicon Valley Bank: Regulators take over as failure raises fears

Regulators take over Silicon Valley Bank as the collapse raises wider fears about the banking sector.