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Regulatory Rollbacks and The Bank Panic of 2023

Lever Time

CHAPTER

Silicon Valley Bank - Why Should I Care?

Last Friday, California regulators shut down Silicon Valley Bank following a run on its deposits. The bank is somewhat unusual in that over 90% of its deposits were uninsured. Julia Bellini: Why should the average person care? She says it's because the tech sector as a whole is very heavily deposited in that particular bank.

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