“The bank has been put under control of the federal government, making it the largest bank to fail since the 2008 financial crisis”

https://www.nytimes.com/2023/03/10/business/silicon-valley-bank-stock.html

@phill It’s impressive how quickly the FDIC does its job! This is from 1985, but it’s a very cool look into the takeover of a failed bank from a reporter embedded in an FDIC team: https://www.latimes.com/archives/la-xpm-1986-01-05-fi-24784-story.html