Silicon Valley Bank Receivership - Flash Briefing on Its Impact and What Comes Next
UPDATE 12 MARCH 2023: SVB depositors are expected to be able to access their deposits on 13 March 2023. We are closely watching developments on this topic.
For more information, refer to this Joint Statement by the Department of the Treasury, Federal Reserve, and FDIC.
The FDIC put Silicon Valley Bank into receivership today, 10 March 2023, in what was the largest bank failure since the 2008 financial crisis - and the second largest bank failure in U.S. history.
As soon as this news broke, a team of our bank regulatory, financial services, and restructuring and insolvency lawyers sprung into action to host a webinar to provide a briefing on what this significant event means for depositors, borrowers, and others.
For additional questions or further information, contact our speakers. We are here to help.
This webinar recording is for informational purposes and does not contain or convey legal advice. The information herein should not be used or relied upon in regard to any particular facts or circumstances without first consulting a lawyer. Any views expressed herein are those of the author(s) and not necessarily those of the law firm's clients.