"We can look our teams in the eye ... and say, not only will we be able to make next payroll but we can continue business as usual," said one startup founder.
Silicon Valley Bank required some clients to agree to exclusivity clauses, disabling them from diversifying where they held their money, SEC records show.
Circle, which issues USD Coin (USDC), said that the $3.3 billion it held with the now-collapsed SVB will be "fully available" on Monday when U.S. banks open.
Billionaire investor and Pershing Square CEO Bill Ackman said the U.S. government's intervention to protect depositors after the implosion of SVB is "not a bailout."
China's new premier Li Qiang said China's focus was shifting to what it calls high-quality development, such as building up tech and so-called green industries.
Silicon Valley Bank collapsed on Friday. Financial regulators stepped in on Monday to ensure people can access their deposits. What does this mean for markets?
Analysts say the collapse of Silicon Valley Bank is not likely to have a major contagion effect in Asia, but one person says it could be seen as a "warning," an analyst said.
The funds to reimburse depositors will be paid out of the Deposit Insurance Fund, which is made up of quarterly fees assessed on financial institutions.
Silicon Valley Bank collapsed on Friday. Financial regulators stepped in on Monday to ensure people can access their deposits. What does this mean for markets?