US rushes to contain bank collapse fallout

By Agence France-Presse

Mar 14, 2023 12:24 am

US and European authorities moved to ease fears over the health of the banking system following the failure of Silicon Valley Bank (SVB) and as US regulators took over a second troubled lender.

US federal authorities stepped in to ensure depositors still had access to their funds at SVB and promised other institutions help in meeting customers' needs, but markets remained on edge Monday following the bank's sudden collapse.

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