SVB is largest US bank failure since Washington Mutual as customers with over ... trends now

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Silicon Valley Bank's monumental downfall is the second-largest bank collapse in U.S. history. 

The collapse on Friday, which has left customers fearful of losing deposits totaling tens of billions of dollars, is eclipsed only by the failure of Washington Mutual in 2008.

SVB had assets of $209 billion at the time the Federal Deposit Insurance Corporation shuttered the bank. That compares to the $307 billion in assets that Washington Mutual had when it was closed. 

The FDIC is a U.S. government-owned corporation that guarantees bank deposits up to $250,000. SVB's customers with accounts of that amount or less will have access to their money no later than Monday morning, the FDIC said.

But many of SVB's depositors are corporate clients with much larger accounts - and they now face an uncertain wait for their money. Investors in SVB bonds also face heavy losses.