Young companies raced to get their money out of the bank, which was central to the start-up industry. Some said they could not make payroll.
Category: Federal Deposit Insurance Corp
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Silicon Valley Bank Collapse: What We Know
Regulators shut down Silicon Valley Bank on Friday, in the largest U.S. bank failure since the 2008 financial crisis, and appointed the Federal Deposit Insurance Corporation as the receiver.
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Silicon Valley Bank Fails After Run by Venture Capital Customers
The Federal Deposit Insurance Corporation took control of the bank’s assets on Friday.
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Government Cracks Down on Crypto Industry With Flurry of Actions
State and federal agencies have levied fines, brought new cases and issued policy statements to rein in freewheeling practices in recent weeks.