Friday, 24 March, 2023

Silicon Valley Bank's Depositors to be Fully Protected: Federal Reserve

<p>The Federal Reserve has announced that Silicon Valley Bank&#39;s depositors will be fully protected after its recent collapse. The FDIC and Treasury Department are working to ensure that there is no systemic risk to the financial system. Silicon Valley Bank collapsed after exposure to bad loans to Indian startups. The bank&#39;s depositors are mostly tech startups and venture capitalists.</p> <p>&nbsp;</p>