Police officers leave Silicon Valley Banks headquarters in Santa Clara, California on March 10, 2023. – US authorities swooped in and seized the assets of SVB, a key lender to US startups since the 1980s, after a run on deposits made it no longer tenable for the medium-sized bank to stay afloat on its own. (Photo by NOAH BERGER / AFP) (Photo by NOAH BERGER/AFP via Getty Images)
SANTA CLARA — Silicon Valley Bank collapsed on Friday after a meltdown over a 48-hour period, raising fears about the ability of tech and biotech startups to access funds from the failed bank.
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