- Silicon Valley Bank (SVB), the 16th-largest lender in America, with about $200bn in assets, has gone bust.
- The bank's financial position has deteriorated over several years.
- SVB's share price plummeted by 60% after its attempt to raise $2.5bn to plug a hole in its balance-sheet was revealed.
- The bank's capital-raising efforts have failed and it is seeking to sell itself to a larger institution.
- Nearly all banks are sitting on unrealised losses in their bond portfolios.
What does Silicon Valley Bank’s collapse mean for the financial system?
Silicon Valley Bank (SVB)'s collapse has raised questions about the financial system, its own balance-sheet and other banks' bond portfolios.