{"id":1874980,"date":"2023-03-12T07:26:28","date_gmt":"2023-03-12T11:26:28","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/us-weighs-new-fund-to-backstop-deposits-if-more-banks-fail-bloomberg-news-says\/"},"modified":"2023-03-12T07:33:28","modified_gmt":"2023-03-12T11:33:28","slug":"us-weighs-new-fund-to-backstop-deposits-if-more-banks-fail-bloomberg-news-says","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/us-weighs-new-fund-to-backstop-deposits-if-more-banks-fail-bloomberg-news-says\/","title":{"rendered":"US weighs new fund to backstop deposits if more banks fail, Bloomberg News says"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"float:left\"><div class=\"counts mashsbcount\">28<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fus-weighs-new-fund-to-backstop-deposits-if-more-banks-fail-bloomberg-news-says%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1874980&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><p> <br \/>\n<?xml encoding=\"utf-8\" ?><\/p>\n<div class=\"entry-content\">\n<p>(Reuters) \u2013     The U.S. Federal Reserve and the Federal Deposit Insurance Corp  are weighing the creation of a fund that would allow regulators to backstop more deposits at banks that run into trouble in the wake of Silicon Valley Bank&#8217;s collapse, Bloomberg News reported on Saturday.<\/p>\n<p>The report stated that regulators discussed the special vehicle with bank executives. They hope this measure will reassure depositors, and reduce panic, according to people familiar with the matter. <\/p>\n<div id=\"div-gpt-ad-1663871513696-art-1\" style=\"min-width: 320px; min-height: 50px;  text-align: center;\">  \t<script>  \t\tgoogletag.cmd.push(function() { googletag.display('div-gpt-ad-1663871513696-art-1'); });  \t<\/script>  <\/div>\n<\/p>\n<p>According to the report, the new vehicle is part the agency&#8217;s contingency plan in case of panic about banks that focus on venture capital and startups. <\/p>\n<p>The U.S. Federal Reserve declined comments on the report. FDIC, however, did not immediately respond when Reuters asked for comment.<\/p>\n<p>On Saturday, U.S. President Joe Biden talked to Governor Gavin Newsom in California about the SVB failures and the efforts to rectify the situation. <\/p>\n<p>Silicon Valley Bank collapsed after depositors were concerned about the bank&#8217;s financial health and ran to withdraw their money. The panicked run on Silicon Valley Bank over the next two days stunned markets and blindsided observers.<\/p>\n<\/p>\n<p> (Reporting by Jose Joseph at Bengaluru; Editing By Paul Simao<\/p>\n<p><a href=\"https:\/\/www.oann.com\/uncategorized\/us-weighs-new-fund\/attachment\/file-photo-the-u-s-federal-reserve-building-is-pictured-in\/\"><\/a><\/p>\n<\/p><\/div>\n<p><\/p>\n<hr>\n<p>&#8220;From <a href=\"https:\/\/www.oann.com\/business\/us-weighs-new-fund\/?utm_source=rss&#038;utm_medium=rss&#038;utm_campaign=us-weighs-new-fund\">Bloomberg News: The US considers a new fund that will backstop deposits in the event of more bank failures, Bloomberg News reports<\/a>&#8221;<\/p>\n<hr>\n<p><span style=\"font-size:11px\"><em>&#8220;The views and opinions expressed here are solely those of the author of the article and not necessarily shared or endorsed by Conservative News Daily&#8221;<\/em><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Reuters) \u2013 The U.S. Federal Reserve and the Federal Deposit Insurance Corp are weighing the creation of a fund that would allow regulators to backstop more deposits at banks that run into trouble in the wake of Silicon Valley Bank&#8217;s collapse, Bloomberg News reported on Saturday. The report stated that regulators discussed the special vehicle &hellip;<\/p>\n","protected":false},"author":1,"featured_media":1889955,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","fifu_image_alt":"","footnotes":""},"categories":[542],"tags":[21381,8961,20929,21361,10875,4338,4133,6152],"class_list":["post-1874980","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-oann","tag-backstop","tag-banks","tag-bloomberg","tag-deposits","tag-fail","tag-fund","tag-news","tag-weighs"],"fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1874980","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=1874980"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1874980\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/1889955"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=1874980"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1874980"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1874980"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}