Regulators Launch Drastic Rescue Plan Post SVB’s Collapse, But Will It Be Enough?

The post Regulators Launch Drastic Rescue Plan Post SVB’s Collapse, But Will It Be Enough? appeared first on Coinpedia Fintech News Depositors of Silicon Valley Bank (SVB) can breathe a […]

The post Regulators Launch Drastic Rescue Plan Post SVB’s Collapse, But Will It Be Enough? appeared first on Coinpedia Fintech News
Depositors of Silicon Valley Bank (SVB) can breathe a sigh of relief as the Federal Deposit Insurance Corporation (FDIC) confirmed the successful transfer of deposits to a new bridge bank. The transfer was approved by banking regulators on Sunday and was made to protect the financial system from contagion. The new bridge bank, called Silicon …