After announcing a series of financial moves to improve its overall financial posture, tech-focused Silicon Valley Bank suffered a crisis of trust with public market investors, and customers. After confidence fell, investors and startups raced to remove their capital, leading to the Federal government stepping in and taking over the financial institution. Some deposits will become available Monday, but for startups and investors with more than Federally-insured capital at the bank, the outlook is unclear. It's bad, and people are worried. #techcrunch #techneww #svb #svbcrash #siliconvalleybank #startups #investors #bank
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