Financial regulators announce backstopping of all deposits in California's Silicon Valley Bank, Washington, USA - 13 Mar 2023
The US Treasury Building in Washington, DC, USA, 13 March 2023. The Federal Deposit Insurance Corporation (FDIC), Treasury Department and the Federal Reserve are backstopping all deposits in California's Silicon Valley Bank. The bank's collapse on 10 March has financial regulators worried that the fallout may spread to different institutions.