<a href="https://en.wikipedia.org/wiki/Silicon_Valley_Bank" id="mwAYo" rel="mw:WikiLink" title="Silicon Valley Bank">Silicon Valley Bank</a> collapses due to a <a href="https://en.wikipedia.org/wiki/Bank_run" id="mwAYs" rel="mw:WikiLink" title="Bank run">run on its deposits</a>, in the <a href="https://en.wikipedia.org/wiki/List_of_largest_bank_failures_in_the_United_States" id="mwAYw" rel="mw:WikiLink" title="List of largest bank failures in the United States">second largest</a> <a href="https://en.wikipedia.org/wiki/Bank_failure" id="mwAY0" rel="mw:WikiLink" title="Bank failure">bank failure</a> in US history. Its operations are taken over by the <a href="https://en.wikipedia.org/wiki/Federal_Deposit_Insurance_Corporation" id="mwAY4" rel="mw:WikiLink" title="Federal Deposit Insurance Corporation">FDIC</a>.<sup about="#mwt248" class="mw-ref reference" data-mw='{"name":"ref","attrs":{},"body":{"id":"mw-reference-text-cite_note-50"}}' id="cite_ref-50" rel="dc:references" typeof="mw:Extension/ref"><a href="./March_10#cite_note-50" id="mwAY8" style="counter-reset: mw-Ref 50;"><span class="mw-reflink-text" id="mwAZA">[50]</span></a></sup>
<span class="mw-reference-text" id="mw-reference-text-cite_note-50"><cite about="#mwt245" class="citation news cs1" id="CITEREFFlitterCopeland2023">Flitter, Emily; Copeland, Rob (10 March 2023). <a class="external text" href="https://www.nytimes.com/2023/03/10/business/silicon-valley-bank-stock.html" id="mwCR4" rel="mw:ExtLink nofollow">"Silicon Valley Bank Fails After Run on Deposits"</a>. <i id="mwCR8">The New York Times</i><span class="reference-accessdate" id="mwCSA">. Retrieved <span class="nowrap" id="mwCSE">21 March</span> 2023</span>.</cite><span about="#mwt245" class="Z3988" id="mwCSI" title="ctx_ver=Z39.88-2004&amp;rft_val_fmt=info%3Aofi%2Ffmt%3Akev%3Amtx%3Ajournal&amp;rft.genre=article&amp;rft.jtitle=The+New+York+Times&amp;rft.atitle=Silicon+Valley+Bank+Fails+After+Run+on+Deposits&amp;rft.date=2023-03-10&amp;rft.aulast=Flitter&amp;rft.aufirst=Emily&amp;rft.au=Copeland%2C+Rob&amp;rft_id=https%3A%2F%2Fwww.nytimes.com%2F2023%2F03%2F10%2Fbusiness%2Fsilicon-valley-bank-stock.html&amp;rfr_id=info%3Asid%2Fen.wikipedia.org%3AMarch+10"></span></span>