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Financial institutions news from around the web: March 20 – 24, 2023

Written on Mar 22, 2023

As financial sector companies push forward with modernization, difficulty sourcing talent looms as a potential security risk. 

What was previously a point of pride on Silicon Valley Bank’s website now reads like a warning sign: nearly half of U.S. venture-backed technology and life sciences companies bank with the financial institution. 

A coalition of midsize U.S. banks is calling on the government to insure all deposits for the next two years, in the wake of Silicon Valley Bank's emergency rescue that insured all of the firm's deposits regardless of size. 

Retirement funds for public workers in Ohio lost millions after the Silicon Valley Bank collapsed last week, sending the tech and bank industries into a spiral.