JOURNAL ARTICLE

Treasury Official to Pledge Deposit Protections If Necessary.

  • Published In: Bloomberg.com, 2023. P. N.PAG 1 of 3

  • Database: Business Source Ultimate 2 of 3

  • Authored By: Dendrinou, Viktoria; Condon, Christopher 3 of 3

Abstract

Regulators have sought to stabilize the situation by guaranteeing uninsured deposits at the failed institutions and launching an emergency lending program for all banks at the Federal Reserve. (Bloomberg) -- The US Treasury Department's top domestic policy official will tell Congress regulators stand ready to repeat the extraordinary steps taken after recent bank failures, while noting that small- and mid-sized banks play a key role in the financial system. Her pledge to repeat, if necessary, actions taken to rescue uninsured deposits at two mid-sized lenders that collapsed little more than two weeks ago came alongside an emphasis on smaller lenders. [Extracted from the article]

Additional Information

  • Source:Bloomberg.com. 2023/03, pN.PAG
  • Document Type:Article
  • Subject Area:History
  • Publication Date:2023
  • Accession Number:162701094
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