Opinion: Will Silicon Valley Bank honor $9 billion promise to low-income Californians?
https://www.siliconvalley.com/2023/03/31/opinion-will-svb-honor-9-billion-promise-to-low-income-californians/
Since the collapse of Silicon Valley Bank, the banking industry, federal regulators and the U.S. government have coalesced in an impressive show of solidarity to “shore up the banking system.”
Eleven of the nation’s biggest banks came together to provide a $30 billion rescue of beleaguered First Republic Bank. Meanwhile, two of the nation’s largest banks, JPMorgan and Citi, agreed to not poach staff or business from stressed regional and community banks.