Air Bags Deployed to Cushion Bank Crashes
Investing Caffeine
APRIL 3, 2023
Source: Trading Economics Unfortunately, this unparalleled spike in interest rates contributed to the 2nd and 3rd largest bank failures in American history, both occurring in March. Most notably, the Fed, FDIC, and Treasury jointly announced the guarantee of all deposits at SVB, shortly after the bank failure. Why did this happen?
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