Silicon Valley Bank collapse: How are governments in Europe dealing with the fallout?

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Euronews (English)

The collapse of Silicon Valley Bank (SVB), the biggest bank failure since 2008, has sparked alarm across the world as governments try to assess its impact on tech start-ups, other financial institutions and even pension funds. On Monday, US president Joe Biden assured Americans the nation’s banking system was safe, telling them: “Your deposits will be there when you need them”. US regulators announced steps on Sunday to protect customers and prevent more bank runs after they seized and shut down another struggling lender, crypto-friendly Signature Bank. While SVB was the go-to lender for Silic…

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