The impact of bank failures on markets and the economy
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Bankruptcy - Is the FDIC Going to Use Systemic Risk Exemption?
The FDIC reversed the decision that they made on Friday around reimbursing noninsured depositors at Silicon Valley Bank. They confirmed that they will be reimbursing all depositors at signature bank, whether they are insured or not. The second thing that they did is they put in place a lending facility to the banking system. It's called the bank term funding program and provides liquidity to banks.
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