Fed lent $300B in emergency funds to banks in the past week

Nearly half the money - $143 billion - went to holding companies for two major banks that failed over the past week, Silicon Valley Bank and Signature Bank, triggering widespread alarm in financial markets. The Fed did not identify the banks that received the other half of the funding or say how many of them did so.

from International-News-Economic Times https://ift.tt/Gfh5MiB

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