The U.S. government took emergency steps Sunday and assured clients of the failed financial institution that they would be able to recover all of their money quickly.
The U.S. government took emergency steps Sunday in an attempt to prevent more instability among banks after the historic failure of Silicon Valley Bank, and assured clients of the failed financial institution that they would be able to recover all of their money quickly.
Regulators had worked all weekend to try and come up with a buyer for the bank or broker another intervention, and as another bank, Signature Bank, was shuttered. “This step will ensure that the U.S. banking system continues to perform its vital roles of protecting deposits and providing access to credit to households and businesses in a manner that promotes strong and sustainable economic growth,” the agencies said in a joint statement.
in the coming days. Stock prices plunged over the last few days at other banks that cater to technology companies, including First Republic Bank and PacWest Bank.
Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
How Silicon Valley Turned on Silicon Valley BankThe fallout from Silicon Valley Bank threatens to engulf Silicon Valley—and has put the rest of the banking system on edge
Weiterlesen »
Silicon Valley Bank Depositors Will Have Access to 'All' Funds Monday, Say Federal RegulatorsNEW: Depositors to Silicon Valley Bank will have access to 'all' funds starting Monday, federal banking and finance regulators said in a joint statement. realDannyNelson reports
Weiterlesen »
FDIC may make some uninsured Silicon Valley Bank deposits available MondayUS regulators overseeing the emergency breakup of SVB Financial Group are racing to sell assets and make a portion of clients’ uninsured deposits available as soon as Monday.
Weiterlesen »
Silicon Valley Bank depositors may get some of their uninsured money back Monday: ReportRegulators dealing with the Silicon Valley Bank's collapse are reportedly planning to give depositors access to 30% to 50% of their uninsured deposits Monday.
Weiterlesen »
Silicon Valley Bank deposits to be available Monday, U.S. officials saySilicon Valley Bank customers will have access to their deposits starting on Monday, U.S. officials said on Sunday.
Weiterlesen »
Silicon Valley Bank seized by FDIC, marking largest shutdown of a US bank since 2008BREAKING: The Federal Deposit Insurance Corporation seized the assets of Silicon Valley Bank, marking the largest bank failure since Washington Mutual in 2008.
Weiterlesen »