Loading ...We’re finding now that there are a few more banks that are in the tank as the result of SVB going down. First Republic is one of the banks as well as Signature Bank. Looks like if there is any bank even remotely troubled by SVB’s bankruptcy the Fed is stepping in and taking over those banks. HSBC to acquire SVB’s UK arm for $1.
Goldman now predicting the Fed doesn’t raise interest rates in March.
“Today we are taking decisive actions to protect the U.S. economy by strengthening public confidence in our banking system.”