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A customer exits Silicon Valley Bank's headquarters in Santa Clara, Calif., on Monday, March 13, 2023. The federal government intervened Sunday to secure funds for depositors to withdraw from Silicon Valley Bank after the bank's collapse. Dozens of individuals waited in line outside the bank to withdraw funds.
Economy

SVB collapse: First Citizens Bank to buy Silicon Valley Bank

Conrad Hoyt -
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A pedestrian carries an umbrella while walking past a Silicon Valley Bank Private branch in San Francisco, Tuesday, March 14, 2023. After a frenetic weekend of round-the-clock briefings, U.S. policymakers took the audacious step guaranteeing all the deposits of the failed Silicon Valley Banks, even those exceeding the FDIC's $250,000 limit.
Business

Congress debates lifting the limit on insured bank deposits after SVB crash

Emma Loop -
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Federal Reserve Board Chair Jerome Powell speaks during a news conference at the Federal Reserve, Wednesday, March 22, 2023, in Washington.
News

Powell and Yellen give diverging answers on guarantees for bank deposits

Zach Halaschak -
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Sen. Elizabeth Warren, D-Mass., addresses a gathering during a campaign stop at the University of New Hampshire, Friday, Nov. 4, 2022, in Durham, N.H. Warren supported Sen. Maggie Hassan, D-N.H., Rep. Chris Pappas, D-N.H., and Democratic gubernatorial candidate Dr. Tom Sherman at the event.
Economy

SVB collapse: Influential lawmakers call to lift $250,000 cap on FDIC deposit insurance

Zach Halaschak -
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On March 13, 2023, bank customers in Wellesley, Massachusetts, line up outside Silicon Valley Bank following its collapse.
Economy

SVB collapse: FDIC extends deadline for bidding on failed bank

Zach Halaschak -
0
Sam Bankman-Fried, former CEO of FTX U.S. Derivatives.
News

Sam Bankman-Fried scored meeting with top regulator, tried to win influence before FTX’s collapse: Emails

Gabe Kaminsky -
0
A law enforcement official, behind, stands in an entryway to a Silicon Valley Bank branch location, Monday, March 13, 2023, as customers and bystanders line up outside the bank, in Wellesley, Mass.
News

SVB collapse: Biden administration boxes itself in on universal deposit insurance

Sarah Bedford -
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A law enforcement official, behind, stands in an entryway to a branch of Silicon Valley Bank, Monday, March 13, 2023, as customers and bystanders line up outside the branch, in Wellesley, Mass.
Business

SVB collapse: Sorting fact from fiction in Silicon Valley Bank blame game

Sarah Bedford -
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People walk past a Silicon Valley Bank sign at the company's headquarters in Santa Clara, Calif., Friday, March 10, 2023. The Federal Deposit Insurance Corporation is seizing the assets of Silicon Valley Bank, marking the largest bank failure since Washington Mutual during the height of the 2008 financial crisis. The FDIC ordered the closure of Silicon Valley Bank and immediately took position of all deposits at the bank Friday.
Economy

SVB collapse: Bank fought against increases to deposit insurance fund to protect customers

Gabe Kaminsky -
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SVB collapse: US regulators announce plan to bail out customers
Economy

SVB collapse: US regulators announce plan to bail out customers

Emily Jacobs -
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