Formerly About Advanced Micro Devices Message Board

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Politics : Formerly About Advanced Micro Devices

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To: D.Austin who wrote (1394407)	3/12/2023 8:16:56 PM
From: Wharf Rat	1 Recommendation Read Replies (2) of 1578890

Silicon Valley Bank depositors protected by US government (cnbc.co Regulators approved plans Sunday to backstop both depositors and financial institutions associated with Silicon Valley Bank. Officials will unwind both SVB and Signature Bank, ensuring that depositors will have full access to their funds on Monday. The Federal Reserve stepped in with a separate facility that will provide loans up to one year for institutions impacted by the bank failures. "Today we are taking decisive actions to protect the U.S. economy by strengthening public confidence in our banking system," leading regulators said in a joint statement.

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