with SVB accounts rushed to assess the impact on their finances. In Germany, the central bank convened its crisis team to assess any fallout.it was buying the British arm of SVB for one pound .
Prime Minister Rishi Sunak added his voice to those in the UK saying there was no concern about systemic risk. The Fed's options are limited, said Sobel. "The Fed could cut rates, but that has its own drawbacks. So the Fed and Treasury have kind of shot their bazooka for now. I think it's a question of the market steadying out. Is this a one-off adjustment in regional banks, or does it portend more to come?"
I heard on CGTN that the reason for collapse was from high inflation and high interest rates. So Joe’s economic policy is destroying America and the banking system 🤔
Now SIGNATURE BANK!!!
Yes mr Biden you should be FIRED!
Will Biden guarantee depositors money? Unlikely.
sickening how finance networks now talk what could have been said two, three, four, five months ago as a consequence to FED raising rates for twelve months after yrs of low rate treasuries in portfolios as collateral for cash obligations. CNBC BloombergTV nytimes WSJ CNN
Oh Joy. The Government is bailing out banks again that made stupid investments. This is like weekend at Bernie’s!
Let’s go Brandon
Alas, finally FRB has driven two banks into bankruptcy.
This reporting was honest until it became political. Come on Reuters, you can do better- you know very well there was widespread support to rollback many of the macroprudential measures introduced in 2009- notably central bank economists.
Safest banks ever
BeijingBiden is only trying to reassure the Chi-Coms that have business dealings with SVB