It is the second biggest bank failure in U.S. history, behind Washington Mutual during the height of the financial crisis more than a decade ago. Silicon Valley was heavily exposed to the tech ...

The collapse of Washington Mutual (WaMu), which was eventually ... $42 billion withdrawn from Silicon Valley Bank on Thursday alone, according to California’s Department of Financial Protection ...

Kirsten Grind, author of The Lost Bank, a book about Washington Mutual. (Photo by Nicole Mercado ... according to a filing Friday by California financial regulators. That deficit is what prompted ...

Silicon Valley Bank has been closed by the California Department of Financial Protection and Innovation, and the Federal Deposit Insurance Corporation (FDIC) has been appointed receiver ...

Chairman Kerry Killinger said in a statement that "significant expense reductions" were needed "to further fortify" the bank's capital ... Elsewhere in California, Washington Mutual will close ...

Washington Mutual, via the FDIC as receiver, filed a breach-of-contract lawsuit against Freedom Mortgage Corp. on Friday in California Central District Court. The suit, brought by Mark Migdal ...