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Nick Timiraos and Andrew Ackerman: Regulators Face Urgent Task to Stem Spread From Silicon Valley Bank

Next steps could have ripple effects through the financial system. Bank regulators raced over the weekend to avoid a broader crisis from Friday’s stunningly hasty collapse of Silicon Valley Bank by trying to sell the lender’s assets to shield the banking system and economy from wider fallout. U.S. regulators on Sunday said they are auctioning

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Posted: March 12, 2023 Sunday 08:48 AM