Rescued by the Fed, FDIC Treasury Silvergate Silicon Valley Signature Bank Failure Federal Reserve
Channel: DanMarket Investor Channel (DanMarketL)
Date: 2023-03-14

After the failure of Silvergate Bank, Silicon Valley Bank, and Signature Bank between March 8th and March 12th, the Federal Reserve Banks made an important announcement at 6:15 PM Sunday night, March 12, 2023. Because of the quick actions from the Fed, the U.S. Treasury and the FDIC, there has not been any more bank failure, and the stock market started to rebound on Monday March 13.

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To contact Dan, please email danmarket47@gmail.com.k stock symbol SVB has been shut down by the bank regular of the state of California.  Silicon Valley Bank was founded in 1983.  It ranked as the 16th largest bank in the U.S.