Bk.svb May 2026

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

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 BK.svb

On March 10, 2023, SVB was closed by the FDIC after a billion bank run in a single day, fueled

Served ~50% of U.S. venture-backed tech/life science startups. fueled by high-concentration