US government assures SVB depositors of access to their money after bank collapse

The US government has assured depositors that they will be able to access all of their money quickly following the historic failure of Silicon Valley Bank.

Regulators had worked all weekend to try to find a buyer for the California-based bank – which has become the second-largest bank failure in history – but efforts appeared to have been unsuccessful on Sunday.

Mark Gibson

Graduates in Northwestern University, Evanston, Illinois 1990. Move to Los Angeles California in 2004. Specialized in Internet journalism.

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