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Cramer to the Fed: You have an elegant fix for the Silicon Valley Bank crisis — please use it
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«CNBC Special: America's Banking Crisis» airs Sunday at 7 p.m. ET, where Jim and other experts will discuss the ramifications of Silicon Valley Bank's demise on the economy and the stock market.
Fears of contagion to banks with similar profiles to Silicon Valley Bank has brought together several government agencies to find a buyer for the troubled institution, which on Friday became the second-biggest bank collapse in U.S. history. At the very least, the Federal Deposit Insurance Corporation, the Federal Reserve, the Treasury and President Joe Biden are seeking some sort of safety net that will extend deposit insurance to all the individuals and companies with funds at Silicon Valley Bank.
Read more on cnbc.comAbout this in other media
SVB mixup forces India's SVC Bank to issue a notice of clarification cointelegraph.com /1 year ago
Silicon Valley Bank: parent company, CEO and CFO sued amid market turmoil theguardian.com /1 year ago
US banks experience volatility and trading halts amid bank failures and presidential assurances cointelegraph.com /1 year ago
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