The Silicon Valley Bank logo and decreasing stock graph are seen in this illustration taken Mar 10, 2023. (Image: Reuters/Dado Ruvic) NEW YORK: Silicon Valley Bank's stunning collapse has led to the freezing of tens of billions of dollars stored there by start-ups and their private equity backers, raising fears of a wider tech sector fallout. The company, whose website says it is "the financial partner of the innovation economy", was taken over Friday (Mar 10) by the US Federal Deposit Insurance Corporation (FDIC) to prevent further damage.