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Federal government backs deposits after Silicon Valley Bank collapse
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Some regional banks halted trading Monday after the collapse of Silicon Valley Bank and Signature Bank. The federal government said depositors will not lose their money. CBS News national correspondent Errol Barnett reports on the fallout from Santa Clara, California.
#siliconvalleybank #banking #news
#siliconvalleybank #banking #news
Federal government backs deposits after Silicon Valley Bank collapse
Taxpayer dollars will not be used to pay back SVB deposits, according to the Biden administration.
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