Home World News Europe Fallout From US Bank Failures Could Still Be Large Says Fed

Fallout From US Bank Failures Could Still Be Large Says Fed

Fallout From US Bank Failures Could Still Be Large Says Fed

WASHINGTON (Sputnik) – The fallout from Silicon Valley Bank, the first US financial institution to fail in this month’s banking crisis, could have far-reaching implications even as the nation’s banking system remains “resilient” and the Federal Reserve is fully accountable for it, a senior official at the central bank said.

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