Regulators change tactics to address the biggest bank failure since 2008
The biggest United States bank failure in nearly 15 years is sending jitters through global financial markets.
Regulators stepped in over the weekend and said all deposits at Silicon Valley Bank would be guaranteed by a banking insurance fund. That’s after a run on deposits made the tech-focused bank insolvent.
And on Sunday, regulators also seized New York-based Signature Bank.
So, what does this mean for the state of the U.S. economy?
Copyright 2023 WAMU 88.5