The US government took emergency steps today in an attempt to prevent more instability among banks after the historic failure of Silicon Valley Bank, assuring clients of the failed institution they would be able to recover all their money quickly.The announcement came amid fears that the factors that caused the California-based bank could spread, and only hours before trading began in Asia.Regulators had worked all weekend to try and come up with a buyer for the bank or broker another intervention, and as another bank, Signature Bank, was shuttered.
Load More
Load More