Presented by TikTok.

Good morning Playbookers. I'm Rogu Monovalin. If you work at Compass Coffee, Vox Medium, Etsy, Roku, Fimeo, or any of the other companies, with deposits at Silicon Valley Bank, you are waking up this morning with welcome news.

Here are the big things we're watching on Monday, March 13th.

After a white knuckle weekend for pretty much every tech company I've ever heard of,

you can be confident that payroll will be met, checks will clear,

and your company will have access to every cent of its SBB deposits,

not just the FDIC insured limit of $250,000 after federal agencies

stepped in Sunday evening to backstop the failed bank and attempt to stem a burgeoning crisis

among the nation's medium-sized banks. If you're a banker, investor, financial regulator, Biden administration official,

or business owner, you might still be plenty nervous. While Sunday's announcement was aimed

at restoring faith in the banking system, the early word Monday is that the markets might not be

as reciprocating. Another big regional bank, First Republic, that has similar issues as SBB and has come under

close scrutiny over the past week, saw its shares drop precipitously in early trading.

Global stock markets are also trending downward amid fears.

As Jane Patrick Barnert observes for Bloomberg, the containment measures taken so far won't

solve the core problem of some banks.

That would suggest that the federal government's emergency moves last night could be just the

beginning, not the end, of Washington's response.

To recap, here's what the Treasury Department, the Federal Reserve, and the FDIC have already

announced.

1. All of SVB's depositors will be able to access all of their money as of this morning,

keenly aware of the unpopularity of bank bailouts, an issue that scarred the first year

...