The failure of two regional banks related to tech and cryptocurrency startups has caused turmoil. The government took over SVB Financial's Silicon Valley Bank (SVB) when it could not raise capital to cover a balance sheet deficit. The firm had greater exposure to people working in startups and venture capital. They withdrew cash from accounts, and SVB sold bonds at a loss to cover the outflows. Signature Bank was also shuttered because of its exposure to cryptocurrencies and withdrawal of deposits.