Regulators to protect SVB, Signature depositors, but no bailout ...Middle East

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Regulators to protect SVB, Signature depositors, but no bailout
Federal banking regulators said Sunday they would protect all Silicon Valley Bank depositors, including those above the $250,000 deposit insurance limit provided by the Federal Deposit Insurance Corporation. “Depositors will have access to all of their money starting Monday, March 13,” the FDIC, Federal Reserve and Treasury Department said in a joint statement. “No losses […] The post Regulators to protect SVB, Signature depositors, but no bailout appeared first on Roll Call.

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