The U.S. government took emergency steps Sunday in an attempt to prevent more instability among banks after the historic failure of Silicon Valley Bank, and assured clients of the failed financial institution that they would be able to recover all of their money quickly.
New York's Signature Bank follows California institution in being seized as Fed scrambles to contain fallout from liquidity crunch, head off more bank runs
Silicon Valley Bank customers will have access to their deposits starting on Monday, US officials said, as the government announced actions to stem any broader financial fallout from collapse.