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SVB collapse: US officials reportedly weigh backstopping depositors

By Ryan King
Published March 12, 2023 8:30pm ET
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SVB collapse: US officials reportedly weigh backstopping depositors
Top financial officials are reportedly weighing the possibility of backstopping Silicon Valley Bank depositors during the sprint to find a buyer. Two options on the table are for regulators to tap into powers from the Federal Deposit Insurance Act to safeguard uninsured deposits at SVB or to establish a “general banking facility” from the Federal […]

Top financial officials are reportedly weighing the possibility of backstopping Silicon Valley Bank depositors during the sprint to find a buyer.

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Federal Bailouts Federal Reserve Financial Markets Silicon Valley Bank