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Fed announces new emergency loan program for banks to ease contagion risk from Silicon Valley Bank

Por: MarketWatch Politics March 13, 2023

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The collapse of Silicon Valley Bank , the second largest in American history, came as its depositors became concerned over the value of the bank’s bond portfolio. Many banks have a similar profile, holding bonds that have lost value as the Fed has sharply raised interest rates. It was called an “old-fashioned bank run” by former FDIC chair Sheila Bair. U.S. financial regulators also announced all depositors at Silicon Valley Bank will get... + full article



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