The government only insures deposits of less than $250,000, but there is precedent for lifting that cap amid turmoil. It could happen again.
Tag: Regulation and Deregulation of Industry
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Yellen Says U.S. Ready to Protect Smaller Banks if Necessary
In prepared remarks, the Treasury secretary pledged that the Biden administration would take additional steps as needed to support the banking system.
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Markets Extend Gains as Focus Turns to Fed Meeting
Relief over recent financial rescue measures pushed stocks up for a second day, as investors prepared for a pivotal decision on interest rates.
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Before Collapse of Silicon Valley Bank, the Fed Spotted Big Problems
The bank was using an incorrect model as it assessed its own risks amid rising interest rates, and spent much of 2022 under a supervisory review.