The bank's financial woes rattled Wall Street and left depositors scrambling to withdraw their money.Media staff report in front of the headquarters of Silicon Valley Bank on March 10, 2023 in Santa Clara, California.Liu Guanguan / China News Service / VCG via Getty Images Santa Clara-based Silicon Valley Bank, a major lender to technology startups, collapsed on Friday after its emergency attempts to raise money and find a potential buyer failed, forcing regulators to step in and take over the institution.
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