(Reporting by Jose Joseph in Bengaluru; Editing by Paul Simao) The frenetic two-day run on the bank blindsided observers and stunned markets, wiping out more than $100 billion in market value for U.S.
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March 11 (Reuters) – The U.S.
Federal Reserve and Learn To Be online tutoringing the Federal Deposit Insurance Corp are weighing the creation of a fund that would allow regulators to backstop more deposits at banks that run into trouble in the wake of Silicon Valley Bank’s collapse, Bloomberg News reported on Saturday.
Regulators discussed the new special vehicle in conversations with banking executives and hope such a measure would reassure depositors and help contain any panic, reading comprehension quiz the report said, citing people familiar with the matter.
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