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The U.S. takes emergency measures to protect all deposits at Silicon Valley Bank

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A worker tells people that the Silicon Valley Bank (SVB) headquarters in Santa Clara, Calif., is closed on March 10. Federal regulators took extraordinary measures on Sunday to backstop all deposits at SVB after the lender's spectacular collapse. (Getty Images)
A worker tells people that the Silicon Valley Bank (SVB) headquarters in Santa Clara, Calif., is closed on March 10. Federal regulators took extraordinary measures on Sunday to backstop all deposits at SVB after the lender's spectacular collapse. (Getty Images)

This article was originally published on March 12, 2023.

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