Bk.svb | 1000+ DIRECT |

On March 10, 2023, SVB was closed by the FDIC after a

billion bank run in a single day, fueled by high-concentration, uninsured deposits. BK.svb

Failure was caused by mismanagement of interest rate risk, high exposure to long-duration securities, and a failure to diversify the client base (tech startups/VCs). 2. Background and Strategic Focus On March 10, 2023, SVB was closed by