Bailout News
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There was a panic in the financial markets when Silicon Valley Bank collapsed under the pressure of large-scale withdrawals by depositors.
Hedge fund billionaire Ken Griffin was critical of how the U.S. government saved the depositors at Silicon Valley Bank (SVB), and thinks that is is a lesson in the moral hazard that exists in today's global marketplace.
Embattled Asian crypto exchange, Zipmex, said it is still in talks with an investor seeking to take over the company. According to an anonymous source, the takeover negotiations might be finalized as early as the coming week. The creditor protection…