‘Material action’ expected Sun from Treasury, FDIC to stem SVB fallout, derisk jobs & payrolls for 220k workers

3500 tech firms representing 220k workers signed a petition for Treasury to backstop SVB depositors. A policy response is expected Sunday, March 12. Here's what we know so far.

___
Check It Out:

– US marshalling 'material action' to stem SVB fallout -sources