The US Federal Reserve “protects” all deposit accounts. "Silicon Valley Bank"
The Federalslot 168Reserve reaffirmed custody of all deposit accounts at Silicon Valley's "sudden collapse" last week, however, the US Treasury stressed. "No loan policy" with this bank
Foreign news agencies reported from Washington. United States on March 13 that the California Financial Protection Agency and Innovation (DFPI) had an order last Friday. Shut down Silicon Valley Bank (SVB), a financial institution focused on serving startups in Silicon Valley, due to the liquidity crisis. and the unsuccessful sale of shares to raise capital
The Federal Reserve (Fed) issued a statement on Sunday. that all deposit accounts of SVB “Whether or not it is conditionally protected” will be “protected” by the Fed, with all deposit account holders having access to their own money. From 13 March onwards
Treasury Secretary Janet Yellen said she had an emergency meeting with Fed Chairman Jerome Powell and Federal Deposit Protection Agency (FDI) president Martin Grunberg. c ) About management "Liquidity pressure" that may increase After the collapse of SVB to maintain financial institutions savings association and credit union cooperative