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The New York Times — Business — Banking — internal-storyline-no — Regulation and Deregulation of Industry — Banking and Financial Institutions

Investors Fear Bank Contagion, Despite a Sweeping Rescue Plan

Federal regulators unveiled a backstop for US banking system to limit carnage from collapse of Silicon Valley Bank. Too Big to Fail is as alive as ever, but now no bank is too small to fail. Investors fear bank contagion, despite a sweeping rescue plan.

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  • Federal regulators unveiled a backstop for US banking system on Sunday to limit carnage from collapse of Silicon Valley Bank.
  • Too Big to Fail is as alive as ever, but now no bank is too small to fail as well.
  • Banking is now officially a government-backed business.
  • The venture capital community, a group that includes a vocal group of libertarians, was just bailed out.
  • Shadow banking will expand.
  • Bank runs are even more dangerous in the age of social media.
  • The big winner: Jamie Dimon and the big banks.
  • The U.S., Britain and Australia will unveil a new defense pact to counter China.
  • President Biden will greenlight environmental protections, as well as drilling, in the Arctic.
  • Investors fear bank contagion, despite a sweeping rescue plan.
Investors Fear Bank Contagion, Despite a Sweeping Rescue Plan
Shares in regional lenders were under pressure, even after regulators unveiled a vast backstop for U.S. banks after Silicon Valley Bank’s collapse
The New York TimesBy Andrew Ross Sorki

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