Silicon Valley Bank Collapses: What You Need to Know
On Friday, Silicon Valley Bank, the 40-year-old go-to lender for tech startups, collapsed amid a bank run and capital crisis. The California Department of Financial Protection and Innovation appointed the Federal Deposit Insurance Corporation (FDIC) as receiver and the FDIC will cover up to $250,000 per depositor.[0] The bank was the 16th largest in the […]
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