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NYPD called to Silicon Valley Bank branch to respond to ‘disorderly group’ after SVB’s shocking collapse

Silicon Valley BankSilicon Valley Bank was closed down on Friday by regulators.

Rafael Henrique/SOPA Images/LightRocket via Getty Images

  • The NYPD responded to a Silicon Valley Bank branch in after a complaint about a “disorderly group.”
  • The call came as the bank was collapsing and people apparently gathered to try to get their money. 
  • An NYPD spokesman told Insider that police responding didn’t witness any crimes from those gathered.

Silicon Valley Bank’s shocking collapse on Friday saw more drama as police arrived at its New York office to field a complaint about a “disorderly group.”  

People had apparently gathered at the bank’s New York branch to try to withdraw their money from the collapsing financial institution.

When the NYPD responded, officers didn’t witness any criminal acts, a spokesman for the New York Police Department told Insider. “Officers showed to the scene, there was no criminality, so there was nothing further for them to do,” a spokesman said.

SVB’s Manhattan office was visited by about a dozen tech founders Friday looking to secure their funds, the reporter Eric Newcomer wrote in a Substack post. 

A representative for Silicon Valley Bank did not immediately respond to Insider’s emailed request for comment on Friday.

SVB’s crash, which marks the second-largest bank failure in the US after Washington Mutual’s collapse during the 2008 financial crisis, came as a shock this week after customers scrambled to withdraw deposits.

Read the original article on Business Insider
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