Tech pressure, Yellen everywhere: How Washington scrambled as SVB collapsed

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By Andrea Shalal WASHINGTON (Reuters) – The U.S. government launched emergency measures on Sunday to shore up confidence in the banking system after the failure of Silicon Valley Bank, the largest bank collapse since the 2008 financial crisis. The measures seem, at least so far, to have stemmed any broader run on banks. They came after under heavy pressure from California’s tech industry to act, and fueled several long and dramatic days in Washington and beyond. THURSDAY, MARCH 9 As U.S. Treasury Secretary Janet Yellen prepares for a Friday hearing before the Republican-controlled House Ways a…

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