Silicon Valley Bank is largest failure since 2008 crisis, billions stranded

Regulators have imposed more stringent capital requirements for US banks aimed at ensuring individual bank collapses won’t harm the wider financial system and economy.

Startup-focused lender SVB Financial Group (SIVB.O) became the largest bank to fail since the 2008 financial crisis on Friday, in a sudden collapse that roiled global markets, left billions of dollars belonging to companies and investors stranded.