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US Banks want Guaranteed Deposits and more than 250,000 Dollars to avoid a Contagion of Bankruptcies
A group of mid-sized US banks has called on US federal regulators to guarantee all their customers' deposits for 2 years, even if they are above the guaranteed deposit limit of up to 250,000 dollars. The aim is to avoid the "phenomenon of contagion" after the bankruptcy of Silicon Valley Bank (SVB), reports "Bloomberg", quoted by AFP and BTA.
Wall Street giants move to rescue First Republic Bank
America's largest banks moved on March 16 to shore up First Republic, easing fears that the regional lender could be the next domino to fall after collapses including Silicon Valley Bank.
A consortium of 11 US private banks, including Bank of America, Citigroup and JPMorgan Chase, announced they would deposit $30 billion into First Republic.
World Bank loan to help boost Serbian capital markets
WASHINGTON - The World Bank Board of Executive Directors approved on Friday a 27.7 mln euro loan to support Serbia in its effort to deepen and further develop its capital markets with a Catalysing Long Term Finance Through Capital Markets Project.
Vucic: Serbia's banking system stable, FX reserves at record high
BELGRADE - Serbian President Aleksandar Vucic said on Thursday evening that Serbia's banking system was stable and that the country's FX reserves were at a record high.
In a public address, Vucic said there was no place "for any kind of fear over the collapse of some international banks."
Greek credit system ‘able to absorb foreign jitters’
The Greek banking system is clearly in a much better position now to absorb any turbulence from international markets than it was four years ago, Finance Minister Christos Staikouras said on Thursday, commenting on global banking system tensions caused by the collapse of Silicon Valley Bank and the crisis at Credit Suisse.
Janet Yellen: The Banking System is Stable after the "Decisive" Actions taken
"The US banking system remains stable and Americans can feel confident that their deposits will be available when they are needed, thanks to the 'decisive and strong' action taken after Silicon Valley Bank's (SVB) failure to deal with the outflow of deposits at its end last week," Treasury Secretary Janet Yellen told the Senate Finance Committee, Reuters reported.
Europe is Protected from the Bankruptcy of SVB
The turmoil in the US banking sector following the collapse of Silicon Valley Bank (SVB) should have only a limited impact on European banks, which are organized differently, said ratings agencies Moody's and S&P Global on Tuesday, AFP reported.
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SVB collapse to have no impact on Serbian banking sector - NBS
BELGRADE - Serbian banks have no business ties with Silicon Valley Bank or any exposure to it and there is no possibility of the bank's closure having a direct or indirect impact on the Serbian banking sector, the National Bank of Serbia (NBS) told Tanjug on Tuesday.
SVB collapse a headache for US Fed before rate decision
The dramatic implosion of Silicon Valley Bank (SVB) last week could bring the Federal Reserve's current cycle of interest rate hikes to an end far sooner than many analysts expected.
Americans can 'have confidence' in banking system: Biden
President Joe Biden on Monday reassured Americans that their banking system is safe in the wake of the sudden collapse of SVB and the federal takeover of a second bank.
"Americans can have confidence that the banking system is safe. Your deposits will be there when you need them," he said in televised remarks from the White House.