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These Biotech Companies Were Told Their SVB Funds Were Available. It Wasn’t That Simple.

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U.S. regulators said Silicon Valley Bank customers would get access to funds starting Monday. It wasn’t that easy when biotech companies tried to make payroll.

The abrupt collapse of the Silicon Valley Bank, the second-biggest bank failure in U.S. history, prompted regulators to impose emergency measures to stem the fallout. WSJ’s Rachel Ensign explains how the crisis unfolded and what could happen next.

Photo: Preston Gannaway for The Wall Street Journal
 

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Kevin Hassett reveals 'there were buyers who were willing tobuy [SVB, but] the radicals at the FDICgov weren’t going to allow that to happen the Biden Admin had a whitelist of companies that were allowed to buy the failed bank & companies that weren’t.'

After SVB Silicon Valley Bank collapse my Silicon Valley Republic searched 128 times this week in Linkedin 😉 Silicon Valley Republic

Congress needs to step in and defund all but the 250k FDIC amount and make sure Biden follows the law for a change!

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