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FDIC Error Reveals Silicon Valley Bank Relationship with Tech Giants, Government Bailout Benefits

  • FDIC accidentally released confidential information on Silicon Valley Bank depositors, revealing major tech giants that benefitted from government help
  • List shows tech giants like Sequoia were among SVB's biggest depositors
  • Some depositors kept their relationship with the bank confidential
  • Several global tech giants with significant deposits benefitted from government intervention after SVB's collapse
  • FDIC insured all deposits at SVB after its collapse to protect the wider economy
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