Middle-East Arab News and Opinion - Asharq Al-Awsat is the world’s premier pan-Arab daily newspaper, printed simultaneously each day on four continents in 14 cities
In an effort to shore up confidence in the banking system, the Treasury Department, Federal Reserve and FDIC said that all Silicon Valley Bank clients would be protected and able to access their money.
Governments in Washington and London took extraordinary steps to stop a potential banking crisis after the historic failure of Silicon Valley Bank, even as another major bank was shut down.