The market hadn’t fully rebounded from the pandemic. Some worry that another slowdown could add to fears of a recession.
Tag: Signature Bank
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Push to Insure Big Deposits Percolates on Capitol Hill
The government only insures deposits of less than $250,000, but there is precedent for lifting that cap amid turmoil. It could happen again.
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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.