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who were at risk of losing their money because of a $250,000 cap on guaranteed deposits. The plan calls for FDIC insurance to cover depositors and won't rely on bailouts or taxpayer dollars, according to officials. The Treasury Department, Federal Reserve and FDIC issued a joint statement saying they were "taking decisive actions to protect the U.S. economy by strengthening public confidence in our banking system.
Representations of cryptocurrency Bitcoin are seen in this illustration, August 10, 2022. REUTERS/Dado Ruvic/Illustrationon the news of a government backstop for SVB, collectively gaining more than $70 billion in the 24 hours leading up to 2 a.m. ET and jumping back above $1 trillion. Silvergate Capital, which shuttered last week, SVB and Signature Bank were all friends of cryptocurrency, sending the digital coins on a wild trading ride.
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Michael Cohen to testify Monday in Trump hush-money probeDonald Trump’s former lawyer and fixer Michael Cohen is scheduled to testify Monday before a Manhattan grand jury investigating hush-money payments made on the former president’s behalf.
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Michael Cohen to testify Monday in Trump hush-money probeDonald Trump’s former lawyer and fixer Michael Cohen is scheduled to testify Monday before a Manhattan grand jury investigating hush-money payments made on the former president’s behalf, two people familiar with the matter told The Associated Press.
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Circle says outstanding USDC transactions won’t process until MondayCircle issued a note to trading firms confirming outstanding transactions will not be processed until Monday.
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Light rain to persist ahead of next atmospheric river storm Monday; Flood fears remainThe Bay Area and Northern California were seeing a brief respite from the rain Saturday morning following another atmospheric river storm that blew through the region Friday, triggering new evacuations from floodwaters in Monterey County.
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Fed to hold emergency meeting on Monday amid SVB's swift collapse By Investing.com*FED TO HOLD EMERGENCY MEETING ON MONDAY AMID SVB'S SWIFT COLLAPSE -
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