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US Federal Reserve & Treasury discussing an Emergency authority to backstop bank deposits

US Federal Reserve & Treasury discussing an Emergency authority to backstop bank deposits

For troubled SVB bank.

Federal Reserve & US Treasury are considering an emergency lending program.

This would be to backstop demands by bank customers to withdraw money.

ICYMI, the story over the weekend and into Monday morning here in Asia:

Posted: Mar 12 2023, 21:31
Author Name: forexlive
Views: 082135

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