HERE WE GO: FDIC and Federal Reserve Discuss Creating Fund to Backstop Deposits if More Banks Collapse
HERE WE GO: FDIC and Federal Reserve Discuss Creating Fund to Backstop Deposits if More Banks Collapse The Federal Deposit Insurance Corp. (FDIC) and Federal Reserve are discussing creating a fund to backstop deposits if more banks fail following the collapse of Silicon Valley Bank. Silicon Valley Bank was shut down by regulators on Friday…