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Silicon Valley pulls back from bank failure abyss

The lightning collapse of Silicon Valley Bank Friday raised the specter of a broad tech-industry crash for the first time since the dot-com bubble burst in 2000.

Driving the news: That threat, which loomed all weekend as legions of the startups that made up the bank's clientele worried about meeting next week's payrolls, receded after the federal government intervened Sunday to backstop depositors' assets even over the $250,000 FDIC threshold.


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