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Topline
As financial regulators take the helm of Silicon Valley Bank and Signature to avoid a banking crisis, several companies have gotten caught in the turmoil, disclosing they have millions—or billions—of dollars tied up in the banks, and though the Biden Administration has assured depositors they would get their money back, many remain concerned about the potential implications.
Key Facts
On Friday, Silicon Valley-based startup lender SVB became the largest bank to collapse since the 2008 financial crisis.
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