U.S. regulators has ruled out a bailout of Silicon Valley Bank (SVB) as they try to avoid financial "contagion" from the bank's collapse. SVB had been a key lender to U.S. startups since the early 1980s.... ( read more )
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The United States government has ruled out a bailout for Silicon Valley Bank, a leading financial institution that caters primarily to the technology sector. The decision follows weeks of speculation over whether the bank would receive federal support amid the ongoing economic fallout from the COVID-19 pandemic. Silicon Valley Bank, which is based in Santa Clara, California, is known for its innovative approach to lending and its close ties to the technology industry. The bank provides loans and other financial services to a wide range of companies, from early-s...
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