GLOBAL FINANCE
-
US government steps in and says people with money deposited at SVB will be able to access their money
Banking regulators devised a plan Sunday to shore up deposits at Silicon Valley Bank, a critical step in stemming a feared panic.
-
Cramer to the Fed: You have an elegant fix for the Silicon Valley Bank crisis — please use it
In order to ensure there is no run on banks, the Fed must guarantee 100% of the deposits at SVB.
-
Auction process is reportedly underway to find a buyer for Silicon Valley Bank
Federal regulators are exploring selling Silicon Valley Bank to another financial institution after the tech-focused bank was taken over on Friday.