For this assignment, you will conduct research on the recent collapse of Silicon Valley Bank (SVB) and write a report that covers the following topics: 1) Provide an overview of Silicon Valley Bank, including its size, industry, and reputation, and discuss its operations leading up to its collapse. 2) What percentage of SVB's total assets are held in investment as of December 31, 2022, and 2021? What is the business rationale for holding investment securities versus loans? Comment on how the investments are classified and presented on the statement of financial position. Also, read the notes to the financial statements that relate to the securities and briefly explain the valuation methods applied. 3) Identify and discuss in detail the key factors that contributed to the collapse of SVB. Use concrete examples and data to support your arguments. 4) Briefly explain why the higher interest rates have caused a decline in the value of financial assets that banks hold on their statement of financial position. How much unrealized losses did SVB have as of December 31, 2022, and 2021? Also, discuss why the collapse of SVB was driven by a bank run. 5) Given that KPMG's latest audit opinion (Clean opinion) was included in the 10-K filing on February 24,2023 , which was just two weeks before the bank's collapse, discuss the role of SVB's external auditor, KPMG. For this assignment, you will conduct research on the recent collapse of Silicon Valley Bank (SVB) and write a report that covers the following topics: 1) Provide an overview of Silicon Valley Bank, including its size, industry, and reputation, and discuss its operations leading up to its collapse. 2) What percentage of SVB's total assets are held in investment as of December 31, 2022, and 2021? What is the business rationale for holding investment securities versus loans? Comment on how the investments are classified and presented on the statement of financial position. Also, read the notes to the financial statements that relate to the securities and briefly explain the valuation methods applied. 3) Identify and discuss in detail the key factors that contributed to the collapse of SVB. Use concrete examples and data to support your arguments. 4) Briefly explain why the higher interest rates have caused a decline in the value of financial assets that banks hold on their statement of financial position. How much unrealized losses did SVB have as of December 31, 2022, and 2021? Also, discuss why the collapse of SVB was driven by a bank run. 5) Given that KPMG's latest audit opinion (Clean opinion) was included in the 10-K filing on February 24,2023 , which was just two weeks before the bank's collapse, discuss the role of SVB's external auditor, KPMG
