Silicon Valley Bank: Money in failed US bank is safe – US government

by | Mar 12, 2023 | Top Stories

“Rationally, this should be enough to stop any contagion from spreading and taking down more banks, which can happen in the blink of an eye in the digital age. But contagion has always been more about irrational fear, so we would stress that there is no guarantee this will work,” he added.

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