US regulators say SVB customers will be made whole as second bank fails
Treasury, Federal Reserve and Federal Deposit Insurance Corp. officials over the past two days have worked with the Biden administration to develop facilities that would guarantee all uninsured deposits held by SVB customers, Reuters said.
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When banks like Silicon Valley and Signature bank collapse, one of the big question people ask is, "can that happen to my bank?" Well, according to Banterra Bank president Jeff May, there's one big difference between those banks and your local bank