Clark says the historic failure of Silicon Valley Bank is nothing like 2008.
A sign of a branch of the Silicon Valley Bank is pictured at an office building where the bank is located in Frankfurt, Germany, Monday, March 13, 2023. Jacksonville, Fl — The U.S. government is taking extraordinary steps to stop a potential banking crisis following the historic failure of Silicon Valley Bank.
The Treasury Secretary is instructing the FDIC to guarantee SVB customers will have access to all of their money.WOKV Consumer Warrior Clark Howard says this situation is nothing like 2008. That’s when the federal government bailed out the biggest banks and their stockholders and designated them as systematically important to the country.
“What’s going to happen though now with this backstop is people are not going to freak out and they’re not going to worry about the safety of their money.”, Clark said on Sunday night.Regulators closed Silicon Valley Bank amid a run on the bank Friday, which was the second-largest U.S. bank failure behind the 2008 failure of Washington Mutual. They also announced Sunday that New York-based Signature Bank was being seized after it became the third-largest bank failure in U.S. history.
日本 最新ニュース, 日本 見出し
Similar News:他のニュース ソースから収集した、これに似たニュース記事を読むこともできます。
How Silicon Valley Turned on Silicon Valley BankThe fallout from Silicon Valley Bank threatens to engulf Silicon Valley—and has put the rest of the banking system on edge
続きを読む »
Silicon Valley Bank employees react to the bank's stunning failureHow SVB employees are coping after being ordered to leave the office, from polishing their resumes to hitting the bar: 'We're pretty much in the dark'
続きを読む »
Fall of Silicon Valley Bank: US's worst banking disaster since 2008The greatest banking collapse in the United States since the 2008 financial crisis and the second-largest ever saw regulators close Silicon Valley Bank (SVB) on Friday and take its deposits.
続きを読む »
Silicon Valley Bank shutdown rattles Bay Area start-up owners, tech industryThe bank failed after depositors -- mostly technology workers and venture capital-backed companies -- began withdrawing their money, creating a run on the bank.
続きを読む »
Stablecoin USDC faces $3.3 billion exposure to Silicon Valley BankCrypto exchange Coinbase said Friday it is temporarily suspending the conversion between stablecoin USDC and USD over the weekend, after the stablecoin's...
続きを読む »
Silicon Valley Bank is largest failure since 2008 crisis, billions stranded By Reuters*SILICON VALLEY BANK IS LARGEST FAILURE SINCE 2008 CRISIS, BILLIONS STRANDED -
続きを読む »