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Wondering what the hell just happened at Silicon Valley Bank? | Business Insider

Wondering what the hell just happened at Silicon Valley Bank?

The California bank was closed by regulators on Friday and put under the control of the Federal Deposit Insurance Corporation (FDIC). That followed a tumultuous few days, including a botched capital call and a rush of depositors withdrawing their funds. So how did it come to this? Read more here.

We're also live-blogging the fallout from SVB imploding and authorities swooping in to guarantee its deposits. Experts are bracing for more bank runs.

(Photo credit: Getty Images)

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