The government confirmed that it will #backstop depositors’ funds, giving full access to their capital. #Ethereum also moved higher on the #news.
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“If the U.S. #government had not stepped in to #backstop depositors in the U.S., and HSBC had not bought the U.K. bank,
The latest #announcement from the Federal Reserve comes just a day after it rolled out the $25 billion Bank Term Funding Program to #backstop liquidity troubled banks, curb further collapses and protect depositors.
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