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Federal officials closed a second bank and said it would bail out all depositors in the wake of Silicon Valley Bank’s collapse.

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Mon, 13 Mar 23 12:55 AM | 21 view(s)
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The futures are up strongly.
CNBC are discussing this now.

The New York Times

BREAKING NEWS

Federal officials closed a second bank and said it would bail out all depositors in the wake of Silicon Valley Bank’s collapse.
Sunday, March 12, 2023 6:46 PM ET

The Federal Reserve, Treasury and Federal Deposit Insurance Corporation announced in a joint statement that “depositors will have access to all of their money starting Monday, March 13. No losses associated with the resolution of Silicon Valley Bank will be borne by the taxpayer.”


Do something positive.


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