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[[File:Bank failure.png|right|350px|thumb|]]
'''Silicon Valley Bank''' ('''SVB''') was a successful commercial bank based in [[Silicon Valley]], specifically Santa Clara, [[California]]. It was the largest bank in Silicon Valley and one of the biggest in the entire [[United States]], when [[California]] regulators surprisingly seized the bank and took it over on March 11, 2023.
'''Silicon Valley Bank''' ('''SVB''') was a successful commercial bank based in [[Silicon Valley]], specifically Santa Clara, [[California]]. It was the largest bank in Silicon Valley and one of the biggest in the entire [[United States]], when [[California]] regulators surprisingly seized the bank and took it over on March 11, 2023.
This bank pursued a [[liberal agenda]] of [[ESG]] investing, and has been called by some as a "climate bank" for its foolish adherence to an investment strategy based on the [[global warming]] hoax.
This bank pursued a [[liberal agenda]] of [[ESG]] investing, and has been called by some as a "climate bank" for its foolish adherence to an investment strategy based on the [[global warming]] hoax.
[[category:finance]]
[[category:finance]]