U.S., U.K. try to stem fallout from Silicon Valley Bank collapse

Here's what's being done to prevent crisis from Silicon Valley Bank collapse NEW YORK (AP) — Governments in the U.S. and Britain are taking extraordinary steps to prevent a potential banking crisis after the failure of California-based Silicon Valley Bank prompted fears of a broader upheaval. AP NEWS

apnews.com - By KEN SWEET, CHRISTOPHER RUGABER, CHRIS MEGERIAN and CATHY BUSSEWITZ - March 13, 2023

U.S. regulators worked through the weekend to find a buyer for the bank, which had more than $200 billion in assets and catered to tech startups, venture capital firms, and well-paid technology workers.

While those efforts appeared to have failed, officials assured all of the bank’s customers that they would be able to access their money on Monday.

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