The U.S. government is facing a critical decision this weekend to decide whether to bail out Silicon Valley Bank, which serves the wealthy and powerful of Silicon Valley. Prominent Silicon Valley personalities and executives have called for Washington to come to the rescue of the bank’s depositors, warning of more bank runs if the government does not act. American regulators are working to develop a plan that would guarantee all uninsured deposits held by SVB customers, while also looking into the possibility of finding another bank to buy SVB.
