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The student news site of Conrad Schools of Science

The Conrad Howler

The student news site of Conrad Schools of Science

The Conrad Howler

    Silicon Valley Bank Collapses

    Silicon Valley Bank Collapses

    Financial crises are nothing new to this country, with the Great Depression of the ’30s, and the 2008 financial crisis. But now there is a third. On Friday, March 10, 2023, the Silicon Valley Bank became the largest bank to fail since the 2008 financial crisis; with this bank being home to virtually half the country’s tech and science companies, news of the bank collapsing spread through companies very quickly. After companies tried taking their money from the SVB, information about them not being able to spread even more, caused the California regulators to shut the bank down completely. Luckily, they are scheduled to reopen today (Monday, March 13, 2023), hopefully, all companies and people will have access to their funds, and something like this will not happen again.

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    Julian Johnson, Reporter
    Hi, my name is Julian Johnson. I have been at Conrad since 6th grade and I am currently in 11th grade. The pathway I chose is Biomed. I joined this class because it seemed very interesting. Some of my favorite news is anything related to the music industry, particularly rap or Hip/Hop.

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