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Businesses Minimize Risk and Missed Payroll After Bank Collapse

Implications, strategies for minimizing risk following news of bank failures. Businesses concerned about the implications of a missed or delayed payroll due to fund availability. Under federal and state laws, employers have timing of pay and frequency of pay obligations. ....

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SVB collapse: Janet Yellen under fire from GOP over dangers facing small banks

Small banks and some Republicans are hitting out at Treasury Secretary Janet Yellen over the federal government’s decision to insure deposits at “systemically risky” large banks. ....

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US Lawmaker Blames SVB Failure on 'Bidenflation' Amid Concerns of Looming Bailouts

President Joe Biden s economic policies are to blame for the SVB closing and congressionally-approved bailouts may be considered if other failing US banks need to be rescued, Republican Congressman Paul Gosar told Sputnik. ....

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Government Bails Out Silicon Valley Bank Failure

Federal government and regulators currently have control and a plan in place to limit the impact of Silicon Valley Bank’s SVB and Signature Bank’s recent failures including a pledge to back 100% of deposits, employers may still be concerned about access to liquidity. ....

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SVB collapse: Crypto stages massive rally in wake of bank failures

Bitcoin and other cryptocurrencies have been notching huge gains during the fallout from Silicon Valley Bank’s collapse. ....

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