TheSiliconValleyBankcollapsedonMarch 10th, after a run-ondepositdoomedthetech-focusedlender's planstoraisefreshcapital.
ThispromptedUSregulatorstostepinwithemergencymeasures, includingseizinganotherbankthreedayslater, in a bidtoeasefearsthatdepositorsmightpulltheirmoneyfromotherlenders.