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California members of Congress to be briefed on Silicon Valley Bank failure

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A chump stands alfresco of a shuttered Silicon Valley Bank address on March 10, 2023 in Santa Clara, California. Silicon Valley Bank was once shut bottomward Friday morning by California regulators and was once put in the ascendancy of the U.S. Federal Deposit Insurance Corporation. | Justin Sullivan/Getty Images

Members of California’s aldermanic appointment are set to be abreast Saturday afternoon by admiral from the Federal Deposit Insurance Corporation amidst anxiety about the atrophy of the Silicon Valley Bank, in accordance to two humans accustomed with the situation.

The Northern California bank’s Friday collapse apparent the nation’s better case abortion back the 2007 banking crisis and has aloft apropos about ripple accoutrement all through the blow of the economy.

Rep. Ro Khanna (D-Calif.), who represents Silicon Valley, answered aboriginal Saturday on Twitter he capital to ensure the bank’s depositors would be protected.

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