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The federal government has stepped in to protect Silicon Valley Bank depositors, and Roku Inc. shares were turning higher Monday after initially registering declines.
The streaming-media company disclosed Friday afternoon that it held about 26% of its cash and equivalents at SVB, noting at the time that it didn’t know “to what extent” it would be able to recover those deposits. Since then, the U.S. Treasury, Federal Reserve and Federal Deposit Insurance Corp. have announced measures so that depositors will be able to get all…
