Politics

U.S. Government Acts to Protect Silicon Valley Bank Depositors

TO THE RESCUE

U.S. taxpayers will not shoulder the burden after the crash of Silicon Valley Bank, the government announced.

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Dado Ruvic via Reuters

The U.S. government has stepped in after the failure of Silicon Valley Bank, with authorities saying on Sunday that it would protect depositors, who would have access “to all of their money” by the next day.

“This step will ensure that the U.S.

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