allow banks to pledge their Treasury securities that may be underwater due to soaring interest rates and receive par value to help boost liquidity, if needed.
The government also announced that all uninsured deposits held at Silicon Valley Bank and Signature Bank, both of which collapsed, would be available on Monday.at both banks would spur bank runs at other regional banks. Now investors are setting their focus on other banks that have large unrealized losses on their bond portfolios, including First Republic, PacWest Bancorp, and Charles Schwab, among others.
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Source: WSJ - 🏆 98. / 63 Read more »