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observer.com | ||
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www.struggle-la-lucha.org
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| | | | | The United States hopes to stave off a general collapse of the currency system, which would 'lead to an economic crisis worse than the bank runs of 1931?33.' As | |
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www.freep.com
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| | | | | The market did not collapse in early trading Monday, though bank stocks felt serious pain. Auto stocks initially were hit, too. | |
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www.adambourg.com
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| | | | | Y-Combinator, a leading US private equity investment firm, is asking people (CEOs/Founders) to sign a petition to lobby the FDIC into backing the depositors of the SVB bank to ensure that they can access more then the $250,000 FDIC limit on deposit insurance. | |
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www.eliza-ng.me
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| | | The recent news of the demise of Silicon Valley Bank (SVB) has sparked debate over the role of government in protecting depositors and ensuring that banks do not become a burden on taxpayers. SVB's failure was caused by its heavy investment in long-term bonds, whose value dropped when interest rates rose. This left the bank unable to meet its obligations to depositors, who would have lost their money had the government not stepped in with emergency funds. | ||
