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The Street
The Street
By Ellen Chang U.S. regulators unveiled a contingency plan on Mar. 12 to avert a financial crisis following the collapse of Silicon Valley Bank. Two banks failing within three days has Wall Street on alert even though the Federal Reserve stepped in on Sunday and said all depositors would receive their money. While the customers of the two banks varied greatly, Silicon Valley Bank in California worked with tech companies and venture capitalists and Signature Bank in New York had some crypto clients, these two failures “likely will raise questions about some small- and mid-sized banks,” wrote Pa…