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US Treasury Department, Fed release joint statements on Silicon Valley Bank action

“Taking decisive actions to protect the u.s. economy by strengthening public confidence in our banking system,” said the US Treasury Department and Federal Reserve (Fed) in joint statements on the action plan to defend the Silicon Valley Bank.

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Source: US marshalling 'material action' to stem SVB fallout – Reuters

US authorities were preparing "material action" on Sunday to shore up deposits in Silicon Valley Bank (SVB) and try to stem any broader financial fall
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Regulators close Signature bank, announce plan to make depositors whole

“New York state's Department of Financial Services said on Sunday it has taken possession of New York-based Signature Bank and appointed the U.S. Fed
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