Real Estate Analysis and Commentary in the Mid-Hudson Valley

SVB Bank
March 13th, 2023 7:19 PM

 

The President, in a televised address, said that deposits in SVB and Signature were safe and customers would have access to their money starting Monday and no losses would be borne by taxpayers. However, management of both institutions have been replaced. The Wall Street Journal reports that Biden will ask Congress and banking regulators to strengthen the rules for banks, to “make it less likely this kind of bank failure would happen again.”




The President, in a televised address, said that deposits in SVB and Signature were safe and customers would have access to their money starting Monday and no losses would be borne by taxpayers. However, management of both institutions have been replaced. The Wall Street Journal reports that Biden will ask Congress and banking regulators to strengthen the rules for banks, to “make it less likely this kind of bank failure would happen again.”

 

The President, in a televised address, said that deposits in SVB and Signature were safe and customers would have access to their money starting Monday and no losses would be borne by taxpayers. However, management of both institutions have been replaced. The Wall Street Journal reports that Biden will ask Congress and banking regulators to strengthen the rules for banks, to “make it less likely this kind of bank failure would happen again.”

 

The President, in a televised address, said that deposits in SVB and Signature were safe and customers would have access to their money starting Monday and no losses would be borne by taxpayers. However, management of both institutions have been replaced. The Wall Street Journal reports that Biden will ask Congress and banking regulators to strengthen the rules for banks, to “make it less likely this kind of bank failure would happen again.”

 


Posted in:Banking
Posted by Richard Binkowski on March 13th, 2023 7:19 PMPost a Comment

Subscribe to this blog