Kamal Kapadia’s tech startup had all of its money in Silicon Valley Bank. They’re still trying to access their funds, days after it collapsed.
MARY LOUISE KELLY, HOST:
Just how wild a ride have the last few days been for customers of Silicon Valley Bank? That is the bank that collapsed on Friday and is now under the control of federal regulators. It’s the biggest bank failure since the global financial crisis in 2008. Ripple effects are hitting markets worldwide. Now, President Biden says customers of Silicon Valley Bank are safe, that they will have full access to their deposits
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