- Regulators step in to backstop Silicon Valley Bank (SVB).
- Depositors will have access to funds Monday.
- Funding environment for startups remains uncertain.
- Relief from tech layoffs and pullback in spending.
- Taxpayers will not bear cost of intervention.
Silicon Valley exhales after US intervenes in SVB collapse
A wave of relief swept over Silicon Valley Sunday following a tense weekend of board meetings, emergency funding plans and pleas for help after regulators stepped in to backstop the region’s embattled namesake bank.
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