Federal Reserve headquarters in Washington, D.C. [Photo: Veni/istockphoto]
Sunday's announcement that all Silicon Valley Bank and Signature Bank depositors would be "fully protected" may have helped startup and tech leaders breathe a little easier at SXSW in Austin, in North Texas, and beyond. While concerns continue, the U.S. Treasury, the Federal Reserve, and the FDIC said Sunday that "the U.S. banking system remains resilient and on a solid foundation."