BREAKING: The parent company of Silicon Valley Bank, seized last week by the U.S., is filing for Chapter 11 bankruptcy protections.
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Silicon Valley Bank's former parent company has filed for bankruptcy protection | CNN BusinessSVB Financial Group, the company that owned the failed Silicon Valley Bank until the US government took it over last week, has filed for Chapter 11 bankruptcy protection.
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Opinion | After Silicon Valley Bank, scrap the bank deposit insurance limitThe time has come for Congress to scrap the $250,000 cap on deposit insurance coverage and charge banks more for operating a government-backed deposit business.
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Silicon Valley Bank collapse triggers alarms among Greater Cleveland startups with millions in the California bank“(The narrative is) this is a rich people, Silicon Valley issue, which is not the case,” JumpStart Ventures managing partner Hardik Desai said. “This affects hundreds of thousands of people in multiple ways across the country.”
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