Cryptocurrency news by Protos

US Treasury considers 100% backstop of bank deposits


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The US government is concerned about the unlikely yet destabilizing possibility of nationwide bank runs. The Federal Reserve and Treasury already bailed out two banks last week, including the second-largest bank failure in the country’s history: Silicon Valley Bank. Now, the US Treasury is considering a backstop of all bank deposits nationwide.


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Cryptocurrency news by ProtosBy Protos