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The jobs report got overshadowed by another story. Silicon Valley Bank announced it was looking to raise more than $2 billion after suffering a massive loss on asset sales. On Thursday, shares of Silicon Valley Bank fell 60% as depositors rushed to pull their money from the bank. And then SVB was closed by regulators with the FDC promising that insured depositors will have access to their money no later than Monday morning.
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Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode