U.S., U.K. hustle to stop a potential banking crisis after Silicon Valley Bank collapse | CBC News

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U.S., U.K. hustle to stop a potential banking crisis after Silicon Valley Bank collapse | CBC News
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Governments in the U.K. and U.S. took extraordinary steps to stop a potential banking crisis after the historic failure of Silicon Valley Bank, even as another major bank was shut down.

Posted: Mar 13, 2023 6:34 AM EDT | Last Updated: 32 minutes ago A sign of a branch of the Silicon Valley Bank is pictured on Monday at an office building where the bank is located in Frankfurt. The U.

S. and the U.K. are taking steps to ward off a potential banking crisis after SVB failed.
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Silicon Valley Bank staff offered 45 days of work at 1.5 times pay, FDIC email showsSilicon Valley Bank staff offered 45 days of work at 1.5 times pay, FDIC email showsSilicon Valley Bank imploded after depositors, concerned about the lender’s financial health, rushed to withdraw their deposits
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