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Here’s what could happen next for Silicon Valley Bank customers



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A customer stands outside of a shuttered Silicon Valley Bank (SVB) headquarters on March 10, 2023 in Santa Clara, California.Justin Sullivan | Getty ImagesSilicon Valley Bank’s customers, along with investors and bankers across the globe, are waiting for an announcement from U.S. regulators about what comes next after the largest bank failure since 2008.The Federal Deposit Insurance Corporation (FDIC) said Friday that SVB would reopen on Monday morning, under the control of the newly created Deposit Insurance National Bank of Santa Clara. Once that happens, insured depositors with up to $250,000 in their accounts will be able to access their money.related investing newsBut the majority of deposits at SVB were not insured, and it is unclear when those customers will be able to access their money — or whether they will get all of it back. SVB’s role as a key bank for start-ups and other venture-backed companies means that many firms could struggle to meet payroll and other obligations if their money is not quickly recovered.Many investors on Wal …

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