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Silicon Valley Bank collapse: SVB's stunning collapse has led to the freezing of tens of billions of dollars stored there by startups and their private equity backers, raising fears of a wider tech sector fallout.
96 percent of SVB's total $173 billion in deposits was uninsured
Some see in the back-to-back failure of two banks an example of the financial system's precariousnes
FDIC takes over Silicon Valley Bank, a major lender of US startups, sparking fears of widespread economic fallout
Silicon Valley Bank's stunning collapse has led to the freezing of tens of billions of dollars stored there by startups and their private equity backers,