Federal Reserve ensures Silicon Valley Bank depositors are fully protected

  • The Federal Reserve issued a joint statement with Silicon Valley Bank to ensure full protection for all depositors.
  • All depositors, both insured and uninsured, will receive help to “fully protect” them.
  • Depositors will have access to all of their money starting Monday, March 13.
  • No losses associated with the bank will be experienced by the depositors.
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