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FDIC offloads US$10.5 billion of SVB loans that hung over market - The Business Times

Retrieved on: 2024-03-19 20:11:37

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FDIC offloads US$10.5 billion of SVB loans that hung over market - The Business Times. View article details on HISWAI: https://www.businesstimes.com.sg/companies-markets/banking-finance/fdic-offloads-us-10.5-billion-svb-loans-hung-over-market

Summary

The article discusses how the FDIC managed to offload risky assets related to apartment loans, which were part of the fallout from the collapse of Silicon Valley Bank and Signature Bank, thus stabilizing capital markets and avoiding further crisis.

Article found on: www.businesstimes.com.sg

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