Customers in line outside Silicon Valley Bank headquarters in Santa Clara, California, on March 13. Photo: David Paul Morris/Bloomberg Customers in line outside Silicon Valley Bank headquarters in Santa Clara, California, on March 13. Photo: David Paul Morris/Bloomberg

Silicon Valley Bank failed on Friday, March 10, after a run on deposits spurred by the bank's sudden call to raise $2 billion in capital. That weekend, many of the attorneys at Orrick Herrington & Sutcliffe didn't sleep. 

Continue Reading for Free

Register and gain access to:

  • Thought leadership on regulatory changes, economic trends, corporate success stories, and tactical solutions for treasurers, CFOs, risk managers, controllers, and other finance professionals
  • Informative weekly newsletter featuring news, analysis, real-world case studies, and other critical content
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical coverage of the employee benefits and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Christine Schiffner

Bureau Chief for the National Law Journal in Washington, D.C. Former newsroom manager for The Associated Press as well as for various international media organizations. Contact her at: [email protected] or follow her on Twitter: @CSchiffnerNLJ .