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SVB, Signature Bank Depositors to Get All Their Money as Fed Moves to Stem Crisis
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U.S. regulators took control of a second bank Sunday and announced emergency measures to ease fears depositors might pull their money from smaller lenders after the swift collapse late last week of Silicon Valley Bank.
The measures, which include guaranteeing all deposits of SVB, were designed to shore up wavering confidence in the banking system. They were jointly announced Sunday night by the Treasury Department, the Federal Reserve and the Federal Deposit Insurance Corp.
Read more on wsj.comAbout this in other media
FDIC sells Signature Bank deposits to Flagstar, crypto not included cointelegraph.com /1 year ago
Collapse of Silicon Valley Bank, Signature Bank Calls Fed Interest Rate Path Into Question wsj.com /1 year ago
Collapse of Silicon Valley Bank, Signature Bank Calls Fed Interest Rate Path Into Question wsj.com /1 year ago
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