SVB Collapse
FDIC, Fed, Treasury to Brief California Lawmakers on SVB
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The Federal Deposit Insurance Corp. and the US Federal Reserve plan to brief California’s congressional delegation on the Silicon Valley Bank collapse at 11:00pm Saturday, after having to cancel a briefing originally set for earlier in the day, according to three people familiar with the plan.
The Treasury Department is set to hold a separate briefing for the lawmakers Sunday at 1:00pm, one of the people said. The situation is fluid and plans could change.