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U.S. regulators are under scrutiny after they may have missed clear signs of growing risk at Silicon Valley Bank, the tech-focused financial institution that failed over the weekend following a run on its deposits.
The Federal Deposit Insurance Corporation took over the bank Friday and the regulator, along with the Federal Reserve, announced new emergency programs Sunday to ensure that all depositors will have their funds guaranteed even beyond the standard $250,000 per account the FDIC typically insures.
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