Billionaire Citadel hedge fund founder Ken Griffin has argued that the Biden administration should not have guaranteed the deposits of customers at failed Silicon Valley Bank and Signature bank. 'There's been a loss of financial discipline with the government bailing out depositors in full,' Griffin told the in an interview on Monday, before Citadel on Tuesday said it bought a 5.3% stake in Western Alliance Bancorporation. Over the weekend, the , Treasury Department, and FDIC announced a plan to , insisting that the move was not a bailout for the banks' bondholders and shareholders.
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