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US government to make 'material' announcement on Silicon Valley Bank today - report
The US government will make a 'material' announcement today to shore up deposits at Silicon Valley Bank, according to a report from Reuters. The action is being taken to prevent a wider run on banks.
There are no details in the report beyond that.
There's been plenty of ruminating about what should happen given that the $250K rules were well-known and that thousands of other firms and millions of people won't be bailed out due to higher rates, but this is always Read More
Posted: Mar 12 2023, 15:49
Author Name: forexlive
Views: 101959