SVB Financial Group

SVB Financial Group is a financial institution that primarily serves startups, technology firms, and life sciences companies. Based in Silicon Valley, it provides banking and financial services tailored to the unique needs of these innovative businesses. This includes services like loans, treasury management, and investment banking. SVB is known for supporting high-growth companies, particularly in the tech sector, and plays a vital role in the startup ecosystem by offering the financial resources needed for growth and development. In March 2023, the bank faced significant challenges, leading to its failure and subsequent takeover by regulators.