Shares of technology companies with money at Silicon Valley Bank may be active after US authorities pledged to fully protect all depositors’ funds following the collapse of the lender.
Dozens of companies have reported exposure to the bank, which in its four-decade history cultivated deep ties within the tech sector. The Treasury Department, Federal Reserve and Federal Deposit Insurance Corp. on Sunday jointly announced efforts aimed at strengthening confidence in the banking system in the wake of SVB’s failure.
