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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