US bank regulators have said that all deposits made at the two failed banks, SVB and Signature, including those beyond the US$250,000 (RM1.1mil) limit would be covered by FDIC insurance. — AFP
It’s been a tough week for the global banking sector, and that’s putting it mildly.
On March 10, the Silicon Valley Bank (SVB) collapsed, making it the biggest banking failure since the global financial crisis.
Already a subscriber? Log in.
Get 30% off with our ads free Premium Plan!
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
