U.S. says ‘all’ deposits at failed bank will be available Monday https://www.washingtonpost.com/us-policy/2023/03/12/silicon-valley-bank-deposits/ The Federal Reserve announced that it is creating a new lending facility for the nation’s banks, to buttress against financial risks from Friday’s collapse of Silicon Valley Bank. By Jeff Stein, David J. Lynch, Tony Romm and Tyler Pager Updated March 12, 2023 at 6:30 p.m. EDT|Published March 12, 2023 at 2:29 p.m. EDT The U.S. government announced Sunday night that all depositors at the failed Silicon Valley Bank would have access to all their money on Monday morning. Authorities said they were extending protection to depositors of a second bank, Signature Bank of New York, which state regulators closed on Sunday. The bank’s management has been ousted.
https://www.washingtonpost.com/us-policy/2023/03/12/silicon-valley-bank-deposits/
The Federal Reserve announced that it is creating a new lending facility for the nation’s banks, to buttress against financial risks from Friday’s collapse of Silicon Valley Bank.
By Jeff Stein, David J. Lynch, Tony Romm and Tyler Pager Updated March 12, 2023 at 6:30 p.m. EDT|Published March 12, 2023 at 2:29 p.m. EDT
The U.S. government announced Sunday night that all depositors at the failed Silicon Valley Bank would have access to all their money on Monday morning.
Authorities said they were extending protection to depositors of a second bank, Signature Bank of New York, which state regulators closed on Sunday. The bank’s management has been ousted.