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Good news: The U.S. government is now guaranteeing all deposits, held by, Silicon Valley Bank, and the funds are available as of today

Good news: The U.S. government is now guaranteeing all deposits, held by, Silicon Valley Bank, and the funds are available as of today

In a joint statement, the heads of the Federal Reserve, Treasury Department, and FDIC announced that they have approved actions enabling the FDIC to resolve Silicon Valley Bank in a manner that fully protects all depositors.
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