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3232Yellen Says US Could Back All Deposits at Smaller Banks if Needed to Prevent Contagion
https://www.digit.info/yellen-says-us-could-back-all-deposits-at-smaller-banks-if-needed-to-prevent-contagion/
Wed, 22 Mar 2023 00:00:54 +0000https://www.digit.info/2023/03/22/yellen-says-us-could-back-all-deposits-at-smaller-banks-if-needed-to-prevent-contagion/Read more]]>U.S. Treasury Secretary Janet Yellen says the federal government could guarantee all deposits of smaller banks if they “suffer deposit runs that pose the risk of contagion.” The government recently protected all deposits of Silicon Valley Bank and Signature Bank after they failed. U.S. Government Ready to Guarantee More Deposits if Needed U.S. Treasury Secretary […]
]]>NY Regulators Seize Control of Signature Bank, Depositors Assured by Federal Bailout
https://www.digit.info/ny-regulators-seize-control-of-signature-bank-depositors-assured-by-federal-bailout/
Mon, 13 Mar 2023 00:05:22 +0000https://www.digit.info/2023/03/13/ny-regulators-seize-control-of-signature-bank-depositors-assured-by-federal-bailout/Read more]]>On Sunday, the New York Department of Financial Services, or DFS, announced that it had taken possession of Signature Bank. The DFS appointed the Federal Deposit Insurance Corporation, or FDIC, as the receiver of the bank. In a joint statement, the U.S. Federal Reserve, Treasury Department, and FDIC explained that all Signature depositors would be […]
U.S. Treasury Secretary Janet Yellen says the federal government could guarantee all deposits of smaller banks if they “suffer deposit runs that pose the risk of contagion.” The government recently protected all deposits of Silicon Valley Bank and Signature Bank after they failed. U.S. Government Ready to Guarantee More Deposits if Needed U.S. Treasury Secretary […]
On Sunday, the New York Department of Financial Services, or DFS, announced that it had taken possession of Signature Bank. The DFS appointed the Federal Deposit Insurance Corporation, or FDIC, as the receiver of the bank. In a joint statement, the U.S. Federal Reserve, Treasury Department, and FDIC explained that all Signature depositors would be […]