Some Silicon Valley Bank customers are selling their deposits at big discounts to raise cash quickly, reports say

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A worker (C) tells people that the Silicon Valley Bank (SVB) headquarters is closed on March 10, 2023 in Santa Clara, California. Silicon Valley Bank was shut down on Friday morning by California regulators and was put in control of the US Federal Deposit Insurance Corporation.
Regulators shut down Silicon Valley Bank on Friday.

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How much will Silicon Valley Bank customers get back from the money they deposited? They may not recover it all, analysts say.

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Money under lock
Money under lock

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Silicon Valley Bank's collapse means startups and VCs face billions in losses

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A man stands outside Silicon Valley Bank
Silicon Valley Bank was shut down Friday by regulators.

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Hundreds of startups face a crippling cash crunch and an 'extinction-level event' if no one buys Silicon Valley Bank by Monday

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SVB HQ
Silicon Valley Bank's HQ in Santa Clara, California

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Paul Krugman says Silicon Valley Bank could've been called the 'Schmoozing and Vibes Bank,' but it's probably not another 'Lehman moment'

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Paul Krugman
Paul Krugman said it appeared "at most like a fairly narrow sectoral crisis."

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Buy the dip in banks as the Silicon Valley Bank crisis is unlikely to spread, Goldman Sachs says

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Silicon Valley Bank
Silicon Valley Bank

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Roku discloses it has $487 million in deposits at failed Silicon Valley Bank. That’s 26% of its cash.

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The Roku TV lineup pictured in various sizes.
Roku disclosed that it held 26% of its cash at SVB which was largely uninsured.

Roku

First Republic and PacWest Bancorp plunge as fears of contagion grow following the biggest bank failure since 2008

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Trader at NYSE
A trader works at the New York Stock Exchange NYSE in New York, the United States, on March 9, 2022.

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Silicon Valley Bank is a particularly scary failure. Here's why.

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A Brinks armored truck sits parked in front of the shuttered Silicon Valley Bank (SVB) headquarters on March 10, 2023 in Santa Clara, California.
A Brinks armored truck sits parked in front of the shuttered Silicon Valley Bank (SVB) headquarters on March 10, 2023 in Santa Clara, California.

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Larry Summers says Silicon Valley Bank doesn't present systemic risk as long as it's handled reasonably

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larry summers
Larry Summers

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