svb collapse: US marshalling ‘material action’ to stem SVB fallout: report
US authorities were preparing "material action" on Sunday to shore up deposits in Silicon Valley Bank (SVB) and try to stem any broader financial fallout from its sudden collapse, sources familiar with the matter told Reuters.Biden administration officials worked through the weekend to assess the impact of startup-focused lender SVB Financial Group's Friday failure, with a particular eye on the venture capital sector and regional banks, the sources said.Details of the announcement expected on Sunday were not immediately…