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Silicon Valley Bank Collapses, FDIC Takes Over

On Friday, March 12th, 2023, Silicon Valley Bank (SVB), a fixture in the venture capital space for decades, collapsed and was taken over by the Federal Deposit Insurance Corporation (FDIC).[0] The California Department of Financial Protection and Innovation closed SVB, which was the 16th largest bank in the U.S., had $209 billion in total assets […]

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