Startups to have access to all their Silicon Valley Bank deposits from today
Shortpedia
Content Team
Image Credit: inc42
The US government has finally stepped in to resolve the Silicon Valley Bank fiasco. Treasury Secretary Janet Yellen, on Sunday, March 12, approved the actions of The Federal Deposit Insurance Corporation (FDIC) to protect all depositors. This has come as a sigh of relief for several startups whose money was stuck with the bank, impacting their day-to-day operations and delay in salaries for employees.
