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- Federal regulators announced that depositors of Silicon Valley Bank will be paid in full
- In a statement released Sunday, the Treasury, Federal Reserve and the FDIC said they would "fully protect" depositors with funds in the bank.
- SVB was shut down Friday afternoon after a stock price crash, leaving customers panicking.
In a Sunday announcement, the US Treasury, Federal Reserve Board, and the Financial Deposit Insurance Corporation announced they would "fully protect" all depositors who had funds in Silicon Valley Bank, just days after regulators took control of the institution.