: The FDIC took control of the bank on March 10, 2023, to protect insured depositors.
dealt with a values-based crisis (social/political alignment). Walgreens.svb
In early 2023, Walgreens faced significant public backlash after announcing it would not distribute the abortion pill in 20 states where Republican attorneys general had threatened legal action. : The FDIC took control of the bank
: A rapid decline in the value of SVB's bond portfolio, coupled with a surge in withdrawal requests from tech startups, triggered a liquidity crisis. Walgreens.svb
: The decision followed a letter from 20 state AGs warning of legal consequences under the Comstock Act.
