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The collapse immediately rippled through the financial sector, leading to the failure of Silvergate Bank and Signature Bank, and placing immense pressure on regional banks like First Republic Bank.

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U.S. regulators (Treasury, Federal Reserve, FDIC) stepped in to backstop all depositors to prevent a wider banking crisis, effectively treating all deposits as insured regardless of the Dominos.svb

billion loss to cover mounting withdrawal requests from tech startups, triggering a loss of confidence and resulting in billion in withdrawal requests in a single day. Dominos.svb