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Silicon Valley Bank: What was it and why did it fail? [ad_1] A Brinks worker walks toward a truck after exiting Silicon Valley Bank in Santa Clara, Calif., Friday, March 10, 2023. Jeff Chiu/Online News 72h Silicon Valley Bank: What was it and why did it fail? Brady Knox March 10, 06:02 PM March 10, 06:05 PM Video Embed T he Federal Deposit Insurance Corporation announced Friday that they had closed down the California-based Silicon Valley Bank, the 16th-largest federally insured bank in the country. Its remaini...