Silicon Valley Bank Customers to Get Cash, Even If Uninsured

The U.S. government announced that all customers of the failed Silicon Valley Bank (SVB) will have access to their funds on Monday morning, including deposits worth more than the $250,000 limit for Federal Deposit Insurance Corporation (FDIC) insurance.

“This step will ensure that the U.S. banking system continues to perform its vital roles of protecting deposits and providing acces…

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