The Biden administration has been adamant that the federal government’s sweeping emergency measures to shore up the banking system weren’t equivalent to a bailout.
One contingent that likely received the message loud and clear: regional banking executives.
A smattering of leaders at regional banks across the US shed more than a quarter billion dollars in wealth in the span of days as fallout from Silicon Valley Bank’s collapse ricocheted through the sector.
The sharp decline, in stark contrast to the relief expressed by tech startups and venture capital funds who banked with SVB, underscores the message that while American ...
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