Silicon Valley Bank survived the dot-com crash and the Great Recession, but SVB met its match in Powell’s hawkish Fed

Silicon Valley Bank (SVB) SIVB has long been an integral part of the Silicon Valley startup scene, lending money to venture-capital-backed companies and holding their operating cash as bank deposits. SVB has always been vulnerable to startup booms and busts — nearly drowning during the popping of the dot-com bubble and during the Great Recession of 2007-2009 but it did survive.

Not this time.

The…