Daily News | SVB bailout may not come from taxpayers, but we’ll pay for it
the Federal Deposit Insurance Corp. — the FDIC — in 1933. In the 90 years since it has been one of the more popular and enduring parts of Franklin Roosevelt’s New Deal.
But for most people, that FDIC guarantee was enough. When I was a bank teller, my nameplate had the FDIC’s emblem on it. The fine print reminded everyone who came to the window: “Each depositor insured to $100,000.” It was an obvious reminder that, while rich speculators might lose their wealth in a crash, ordinary Americans could trust in banks because the government guaranteed them.
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SVB collapse: House to hold first hearing on SVB as lawmakers remain split on responseThe House is set to hold its first hearing on SVB's collapse, marking a significant step toward addressing the financial crisis. FinancialCmte will hold a hearing March 29 to question federal financial regulators on their response to the bank collapse.
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Company was 'jerked around' by SVB collapse, says small business ownerA small business owner with all of her money in SVB says the company was 'jerked around' by the 'failures of the American banking system'
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SVB UK handed out over 15 mln stg in bonuses days after HSBC rescue - Sky NewsSilicon Valley Bank's UK arm handed out over 15 million pounds ($18 million) in bonuses days after its rescue deal this week by HSBC, Sky News reported on Saturday.
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Nearly 200 banks at risk for same fate as SVB: studyNearly 200 more banks may be vulnerable to the same type of risk that took down Silicon Valley Bank: The value of the assets they hold.
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Inside the New York Stock Exchange the day SVB collapsedHere's what it was like at the New York Stock Exchange the day Silicon Valley Bank collapsed, according to Wall Street's most famous trader
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