Silicon Valley exhales after US intervenes in SVB collapse
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Turning a popular aphorism on its head was a ploy by the professors to enliven a technical discussion. Turning a popular aphorism on its head was a ploy by the professors to enliven a technical discussion.Banking regulators said Sunday evening that depositors at Silicon Valley Bank, which was shuttered Friday, would have access to their funds Monday, putting to rest fears that startups would struggle to pay their employees this week. The bank's closure had followed interest rate hikes that hurt its startup customers and a failed capital raise attempt, spurring deposit withdrawals. Despite the palpable relief, questions still remained about the funding environment for startups, which had come to rely on Silicon Valley Bank for support to back unproven businesses that larger banks...