This is going to be big - Silicon Valley Bank (SIVB) has collapsed.
Silicon Valley Bank has been heavily involved in financial operations in the Silicon Valley, both with start-ups and more established companies.
Silicon Valley Bank shutdown: How it happened and what comes next (nbcnews.com)
Impact?
Largest bank collapse since the financial crisis. SIVB was likely a Top 25 bank in the US prior to this news.
Stay tuned