The U.S. Federal Reserve building is pictured in Washington, March 18, 2008. REUTERS/Jason Reed
March 11 - The U.S. Federal Reserve and the Federal Deposit Insurance Corp are weighing the creation of a fund that would allow regulators to backstop more deposits at banks that run into trouble in the wake of Silicon Valley Bank's collapse, Bloomberg NewsRegulators discussed the new special vehicle in conversations with banking executives and hope such a measure would reassure depositors and help contain any panic, the report said, citing people familiar with the matter.
The new vehicle is part of the agency's contingency planning as panic spreads about the health of banks focused on the venture capital and startup communities, the report added.Earlier on Saturday, U.S. President Joe BidenLatest Updates
We must protect the hyper-wealthy if they are DEI-faking leftists!
No bailout! Ukraine needs money next week!
Many people in Wells Fargo had their accounts cleared, but Wells Fargo said it was a system problem
Let's bail out all banks again. After all we can't afford to help students, build bridges, or grow out local infrastructures... By all means toss a few clams to the banks.
IvanVandeCloot
But republicans complain about $10,000 in education forgiveness
Maybe the problem isn’t just the bank? Maybe we need to change our monetary policy?
Why the hell Hindenberg could not predict the fall of SVC and unnecessarily got into Adani's companies. It's obvious that he was doing under someone 's instigation it's a different matter that Adani shares were rigged and SEBI kept quiet.
They could not have thought of this last month?
Way to go, make your money The faster is the US slither away down the sewer below.
The pain of fractional lending and unhinged debt spending during Covid.
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