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Economic Pain Is Coming As SVB Contagion Is Not Contained: Mohamed El-Erian

Markets shouldn't let the focus on financial contagion "divert all the attention away from slower-moving economic contagion," El-Erian said.

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US regulators to consider SVB oversight failures in upcoming reports

The Federal Deposit Insurance Corporation will launch an examination of the deposit insurance system in light of the decision by regulators to make uninsured depositors whole after SVB s collapse, FDIC Chair Michael Gruenberg told the Senate Banking Committee

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As Banking Crisis Unfolds In The West, Indian PSBs Check For Vulnerabilities

As Banking Crisis Unfolds In The West, Indian PSBs Check For Vulnerabilities
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Banking turmoil could reduce US government revenue, affect debt ceiling

The United States hit its $31.6 trillion debt limit in January, and lawmakers have been deadlocked on raising it. The Treasury Department has been using

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SVB s Failure Will Cost FDIC s Private Insurance Fund $20 Billion

The FDIC's Deposit Insurance Fund balance stood at $128.2 billion as of late 2022.

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