Silicon Valley Bank
March 14, 2023
Silicon Valley Bank's collapse could have resulted in a broader financial crisis, leaving the authorities no choice but to implement emergency measures.
Regulators in the US said on Monday that SVB's customers would have access to all their deposits, and a new facility has been set up to provide banks with access to emergency funds.
The Fed has also taken action to make it simpler for banks to borrow from the central bank in an emergency.
As I was quoted by City
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