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Finance

Wall Street — not taxpayers — will pay for the SVB and Signature deposit relief plans

March 13, 2023

[#item_full_content]The funds to reimburse depositors will be paid out of the Deposit Insurance Fund, which is made up of quarterly fees assessed on financial institutions.

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U.S. government steps in and says people with funds deposited at SVB will be able to access their money
PNC decides not to bid on Silicon Valley Bank as regulators struggle to find rescue buyers, source says

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