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Feds to pay all depositors as Signature Bank closes following SVB collapse

Por: Newsweek Nation March 13, 2023

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The U.S. Treasury Department on Sunday announced a measure to strengthen the public's confidence in the country's banking system following last week's collapse of Silicon Valley Bank (SVB) and Sunday's seize of Signature Bank. That's insuring depositors got their money, but with no extra burden on taxpayers.That's for all eligible banks, not just the two making headlines over the last week, according to the Federal... + full article



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