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Silicon Valley Bank 2023 Crash

After announcing a series of financial moves to improve its overall financial posture, tech-focused SVB suffered a crisis of trust with public market investors, and customers. After confidence fell, investors and startups raced to remove their capital, leading to the Federal government stepping in and taking over the financial institution. Some deposits will become available Monday, but for customers with more than Federally-insured capital at the bank, the outlook is unclear.

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