Silicon Valley Bank (SVB) failed on March 10, 2023, from a depositor run set off by massive unbooked securities losses that became salient only when the firm filed for a stock issue intended to replace some realized, but previously un-noticed, capital losses. The unprecedented increase in market...

The Dodd-Frank Act created differential regulatory requirements for banks above specified asset size thresholds. Event study results imply greater expected net regulatory costs for above-threshold banks. Consistent with hypotheses that near-below-threshold banks alter their behavior to attempt...