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Friday, April 26, 2024

Billionaire investor Bill Ackman calls on the US government to consider a bailout of Silicon Valley Bank if private investors won’t step up

Billionaire investor Bill Ackman says the US government should consider a “highly dilutive” bailout of Silicon Valley Bank amid jitters about its financial position. The bank’s failure “could destroy an important long-term driver of the economy as VC-backed companies rely on SVB for loans and …

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