The Federal Reserve—which had previously flagged major operational vulnerabilities at the recently collapsed Silicon Valley Bank, where nearly 50 percent of venture capital–backed tech firms held assets—lent a record $152.9 billion in emergency liquidity to financial institutions across the country.
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Weekly Review
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The Federal Reserve—which had previously flagged major operational vulnerabilities at the recently collapsed Silicon Valley Bank, where nearly 50 percent of venture capital–backed tech firms held assets—lent a record $152.9 billion in emergency liquidity to financial institutions across the country.