more to come
Federal Reserve and Treasury:
-
taking decisive actions to protect the u.s. economy by strengthening
publicconfidence in our banking system - boards of the fdic
and the federal reserve, andconsulting with the president, secretary
yellen approved actions enabling the fdic to complete itsresolution
of silicon valley bank - no losses associated
with the resolution of silicon valley bank will be borne by the
taxpayer - we are also
announcing a similar systemic risk exception for signature bank,
newyork, which was closed today by its state chartering authority - all depositors of
this institution will be made whole
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