The lender's stock price plummeted on Thursday, and trading of its shares was halted early on Friday. The rapid meltdown of Silicon Valley Bank happened at a stunning pace, as did the government's response. economy by strengthening public confidence in our banking system," the officials said on Sunday. "Today we are taking decisive actions to protect the U.S. The Federal Reserve also announced on Sunday that it is taking new steps to make funding available to banks to cushion any potential risk prompted by Friday's collapse of Silicon Valley Bank. Technology Silicon Valley Bank failure could wipe out 'a whole generation of startups'
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