Key Highlights :
1. The Federal Reserve is expected to take action to shore up deposits in Silicon Valley Bank.\n\n2. The failure of SVB could have wider implications for the US regional banking sector.\n\n3. Billionaire hedge fund manager Bill Ackman has warned of the potential for wider bank failures if depositors are not protected.
1. The Federal Reserve is expected to take action to shore up deposits in Silicon Valley Bank.
2. The failure of SVB could have wider implications for the US regional banking sector. 3. Billionaire hedge fund manager Bill Ackman has warned of the potential for wider bank failures if depositors are not protected.
SVB Financial Group's failure has banks worried and depositors in the dark.
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