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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.
For more informed news, follow us on Twitter, Instagram, and Google News or subscribe to our YouTube channel.
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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.
For more informed news, follow us on Twitter, Instagram, and Google News or subscribe to our YouTube channel.
Hosted on Acast. See acast.com/privacy for more information.