
US Officials Reportedly Studying Ways to Guarantee Bank Deposits of $17 Trillion amid Crisis
The FDIC and Fed are looking for ways the US government can guarantee all bank deposits amounting to $17 trillion should the financial turmoil worsen.
The FDIC and Fed are looking for ways the US government can guarantee all bank deposits amounting to $17 trillion should the financial turmoil worsen.
FDIC said that the deal between Signature and Flagstar would cost the Deposit Insurance Fund an estimated $2.5 billion.
The trio of the Federal Reserve, the Treasury Department, and the Federal Deposit Insurance Corporation (FDIC) have been pledging support to depositors.
Robinhood users have taken to Twitter to express their displeasure as they are unable to revel in the SVB and Signature Bank failure.
High-impact news, including the CPI release and the US banking crisis, significantly contributed to Bitcoin price topping $26K.
Stablecoins have maintained a strong growth momentum against the occasionally frustrating crypto market.