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CBC News

U.S Treasury steps in to avert bank crisis

CBC News ·
CBC News
CBC News

The collapse of Silicon Valley Bank on Friday set off a wave of panic in the tech sector as thousands of small and medium sized companies stood to lose billions in deposits. Now, the U.S. Treasury says it will help depositors who are concerned about their money. The U.S. Treasury has announced measures to protect Silicon Valley Bank customers in the wake of the bank’s collapse.