, the Federal Reserve Bank and the Treasury Department decided to go beyond that amount and cover all deposits at Signature and Silicon Valley banks.warned that it will take time for things to calm down, he said there is no indication of economic calamity triggered by the banks’ failures.In the aftermath of the two bank collapses, other financial institutions stepped in to save First Republic Bank from failing.
Anxiety continues to grow about the health and safety of the nation’s banking system. Shares of small, regional banks have been hit hard as investors worried they could also collapse, though there is no indication of system-wide concerns.
The only people who thought so were the rich Democrat donors he bailed out. The average depositors money was already protected. Now everyone gets to foot the bill by paying higher fees. “Damn good job” Joe😎