Silicon Valley Bank: How the bank bailout differs now from the 2008 one

This article is an acquisition of Capital , Capital's premium digital offering.

Silicon Valley Bank: How the bank bailout differs now from the 2008 one

This article is an acquisition of Capital , Capital's premium digital offering. For you as a stern PLUS subscriber, it is exclusively available here until March 23, 2023. After that, it will again only be available to Capital subscribers at www.capital.de/plus

Within three days, the FDIC and regulators in California and New York took control of the collapsed Silicon Valley Bank and Signature Bank. They declared all deposits safe, including those exceeding the usual limit of $250,000. In addition, the US Federal Reserve announced a new pool of loans guaranteed by the Treasury Department, which other banks can use if customers suddenly withdraw their deposits.

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