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Interesting that they're announcing this for SVB and Signature. I infer from this that they will backstop the depositors at these two banks, and they assume tha

Interesting that they're announcing this for SVB and Signature. I infer from this that they will backstop the depositors at these two banks, and they assume that by doing so no other banks will be 'run' by depositors.

dehrmann 4y ago
They didn't say as much, but that was my read.
ummonk 4y ago
That and the Federal Reserve is offering extra capital to other banks to help them weather the runs currently happening.