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Page 29 - Pacwest Bank News Today : Breaking News, Live Updates & Top Stories | Vimarsana

U S government moves to stop banking crisis amid SVB fallout

Second bank fails as feds move to stop a potential banking crisis

The U.S. government took extraordinary steps Sunday to stop a potential banking crisis after the historic failure of Silicon Valley Bank, assuring depositors at the failed financial institution that …

Governments take extraordinary steps to prevent bank panic

Governments in the U.S. and Britain are taking extraordinary steps to stop a potential banking crisis after the historic failure of Silicon Valley Bank. The UK Treasury and the Bank of England “facilitated the sale″ of Silicon Valley Bank UK to HSBC, ensuring the security of 6.7 billion pounds ($8.1 billion) of deposits. U.S. regulators also worked all weekend to try to find a buyer for the bank. Those efforts appeared to have failed Sunday. But U.S. officials assured all depositors at the failed institution that they could access all their money quickly.

U S takes steps to aid failed California bank

NEW YORK The U.S. government took steps Sunday to stop a potential banking crisis after the failure of Silicon Valley Bank, assuring depositors at the failed financial institution that they would be able to access all of their money quickly.

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