US FDIC may need temporary guarantee for all bank deposits -ex chief Bair
The Federal Deposit Insurance Corp may need to seek temporary guarantees for all uninsured U.S. bank deposits to stem a drain of funds from small and regional U.S. lenders following deposit bailouts for failed banks SVB Financial and (NASDAQ: ), former FDIC chair Sheila Bair said on Wednesday.…
#svbfinancial #fdic #sheilabair #siliconvalleybank #ustreasury #doddfrank #federalreserve #treasurydepartment #pacwestbank #firstrepublic