Silicon Valley Bank's Manhattan branch calls COPS on investors trying to pull their cash out as Boston tech CEO with $10M in bank describes 'worst 18 hours of my life': Lender is SEIZED by regulators in largest US bank failure since Great Recession
- Police were called after 'about a dozen' financiers, including former Lyft executive Dor Levi, showed up outside the building on Park Avenue Friday
- SVB blocked them from entering and two cop cars arrived to secure the building
- There was a run on the bank today as depositors - many of them tech workers - began pulling funds following a surprise announcement of a $1.8 billion loss
SHOCK: Silicon Valley Bank's Manhattan branch calls COPS on investors trying to pull their cash out as Boston tech CEO with $10M in bank describes 'worst 18 hours of my life': Lender is SEIZED by regulators in largest US bank failure since Great Recession.*****Q8DniXavPY
— @amuse (@amuse) March 10, 2023
THIS IS OUTSIDE ONE OF THE SILICON VALLY BANKS BRACH $SIVB pic.twitter.com/aFJEBQLVu6
— GURGAVIN (@gurgavin) March 10, 2023
Live view of Silicon Valley Bank $SVB branches right now ...
— Wall Street Silver (@WallStreetSilv) March 10, 2023
pic.twitter.com/4PN5XihPVv
