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Bank Failures Bring FDIC to the Rescue

maart 15, 2023by Reacties uitgeschakeld voor Bank Failures Bring FDIC to the Rescue

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Washington – They are perhaps the two most feared words for regulators of the financial industry: Bank run.

And that is what happened last week when depositors, during a single day, withdrew $42 billion from California-based Silicon Valley Bank (SVB), leaving it with a negative cash balance of a billion dollars.

“This was the first Twitter-fueled bank run,” is how Republican Representative Patrick McHenry,

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