US Backstops Bank Deposits To Avert Crisis After SVB Failure

The US Treasury building in Washington, DC, US, on Monday, March 13, 2023. US authorities took extraordinary measures to shore up confidence in the financial system after the collapse of Silicon Valley Bank, introducing a new backstop for banks that Federal Reserve officials said was big enough to protect the entire nation's deposits. Photographer: Al Drago/Bloomberg via Getty Images
The US Treasury building in Washington, DC, US, on Monday, March 13, 2023. US authorities took extraordinary measures to shore up confidence in the financial system after the collapse of Silicon Valley Bank, introducing a new backstop for banks that Federal Reserve officials said was big enough to protect the entire nation's deposits. Photographer: Al Drago/Bloomberg via Getty Images
US Backstops Bank Deposits To Avert Crisis After SVB Failure
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Credit:
Bloomberg / Contributor
Editorial #:
1248155205
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Bloomberg
Date created:
13 March, 2023
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Rights-managed
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Bloomberg
Object name:
US TREASURY
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