The Federal Deposit Insurance Corporation insures deposits up to $250,000, but many of the companies and wealthy people who used the bank — known for its relationships with technology startups and venture capital — had more than that amount in their account. There are fears that some workers across the country won’t receive their paychecks.
US treasury secretary says no federal bailout for Silicon Valley Bank
APPLICATIONS
HOT NEWS
Improper engine choice, planning delayed Intermediate Jet Trainer project: CAG
- 0
Improper engine choice, planning delayed Intermediate Jet Trainer project: CAG
Improper engine selection and faulty planning by Hindustan Aeronautics Limited caused significant delays in India's intermediate jet trainer project, says CAG report. Lack of clarity on engine availability and resolution of stall and spin issues, as well as improper planning, led to the delays. The project, sanctioned in 1999, was expected to be completed by 2006. The IJT project is no longer backed by the Indian Air Force, and the future of the project is uncertain. HAL had to use internal funds for key trials after a setback in 2016.