David Gershon

David Gershon

Sheppard Mullin Richter & Hampton LLP

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Summary of Actions Taken by US Government on Sunday, March 12 in Response to SVB Failure and Related Fallout

Following FDIC’s actions on Friday to place Silicon Valley Bank (“SVB”) in receivership, the Department of the Treasury, the FDIC, and the Federal Reserve announced several measures on Sunday, March 12, 2023 aimed at avoiding...more

3/13/2023  /  Banking Sector , Banks , Depository Institutions , FDIC , Federal Reserve , Financial Institutions , U.S. Treasury
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