TC+ roundup: Silicon Valley Bank fails, fintech VC survey, B2B growth tools
TechCrunch
MARCH 10, 2023
To protect SVB’s former customers, who have around $175 billion in deposits, the Federal Deposit Insurance Corporation (FDIC) transferred assets to a new entity: the Deposit Insurance National Bank of Santa Clara. Insured customers who deposited $250,000 or less will have access to their money on Monday morning, according to the FDIC.
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