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Posts tagged as “The US Federal Deposit Insurance Corporation”

FDIC Backs All Deposits at Silicon Valley Bank, Providing Security to Customers Amid Bank Collapse

Key takeaways: The FDIC has stepped in to back all deposits at Silicon Valley Bank, resolving a key uncertainty surrounding the second-largest bank failure in U.S. history. The US Federal Deposit Insurance Corporation offered Silicon Valley Bank employees 45 days of employment and 1.5 times their salary. The FDIC’s decision to back all deposits has provided a sense of security…