As SVB tanks, banks look to deposit diversification, data, tech | Bank Automation News

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Silicon Valley Bank was taken over by regulators today following a week of abnormality that included a sale of securities on Wednesday, capital raising efforts on Thursday and a stock plummet of nearly 70% this morning. “The California Department of Financial Protection and Innovation (DFPI) announced today that, pursuant to California Financial Code section 592, […]

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Whitney McDonald

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