Federal Reserve Pumps 300 Billion Dollars Into Emergency Funds Amid Severe US Banking Crisis

US Bank Crisis Latest Update: America’s current banking crisis is not taking its name. This crisis, which started with the collapse of the Silicon Valley Bank, has so far engulfed many American banks. Not only this, but the effect of its transition is visible on the banking world in Europe as well. Experts say that the situation of many banks is serious and they can take the path of Silicon Valley Bank anytime. In the midst of all this, the US government and banking authorities have become active to reduce the impact of the crisis.

Cash problem in front of banks

Last week on Thursday i.e. March 16, the US Central Bank Federal Reserve told that it has given about $ 300 billion as emergency fund to many banks during about a week. The Central Bank told that many banks are facing the problem of cash crunch. In such a situation, these banks are reaching out to the Central Bank to ask for help.

Half the fund went to these two banks only

The Federal Reserve said that about half of this amount has been given as loans to the holding companies of the two major banks that have recently sunk. Silicon Valley Bank and Signature Bank are two major banks that have closed recently. The Federal Reserve has given a loan of $ 143 billion to the holding companies of these two banks as an emergency fund. However, the Fed did not tell to which banks the remaining amount has been given.

The flames of crisis reached Europe

Let us tell you that the authorities first closed the Silicon Valley Bank on 10 March. A few days later, Signature Bank also had to be closed. Credit Suisse, one of the oldest banks in Europe, also came under the grip of the banking crisis. Credit Suisse later received emergency help from the Swiss National Bank. However, still its crisis has not completely gone away.

Danger of drowning on dozens of banks

America’s current banking crisis is still not over. A few days ago, another American bank Western Pacific Bank also came under the grip of crisis. The bank is facing tremendous demand for cash from the customers, which is getting worse in meeting it. The news is telling that the next number may be of banks like Zion and Western Alliance. In some reports, it is being feared that dozens of American banks are in bad shape and they can collapse anytime.

read this also: If you also use ATM card, then know this thing, this feature is available for free

Petrol-Diesel Price Crude Oil Price Increased Know Fuel Rates In Your City

Petrol Diesel Price Today: Crude oil prices are continuously increasing in the international market. On Monday, March 27, there is ...
Read More

health tips pomegranate juice is good for weight loss

Pomegranate juice for weight loss: pomegranate juice (pomegranate juice) A nutritious and delicious juice, rich in vitamins, minerals and antioxidants ...
Read More

Symptoms of weakness in children It is important to identify the symptoms of weakness in children Marathi News

health tips: Taking care of children's health, giving them proper food, protecting their choices is really an important issue for ...
Read More

Harry Styles called Emily Ratajkowski his celeb crush years before fling

Harry Styles fans are convinced he “manifested” his steamy kiss with Emily Ratajkowski. In a resurfaced video from eight years ...
Read More

DC vs MI WPL 2023 Final Live Harmanpreet Kaur, Nate Sciver-Brunt Lead Mumbai Indians To Win WPL Season 1

WPL 2023 Final: Mumbai Indians have won the title of the first season of the Women's Premier League. Harmanpreet Kaur's ...
Read More

Julia Fox supports Emily Ratajkowski, Harry Styles fling

Julia Fox is living for Emily Ratajkowski’s single girl era. The “Uncut Gems” star commented on a Page Six Instagram ...
Read More

BCCI Announces Annual Player Retainership 2022-23 – Team India Know Details Here

BCCI Annual Contract List: BCCI has announced the annual contract of the players for the year 2022-23. Apart from Indian ...
Read More

Rohit Sharma and Sachin Tendulkar went to support Mumbai Indians women in WPL 2023 final against Delhi Capitals

Mumbai Indians Women Supporters: The final match of the Women's Premier League was played between Mumbai Indians and Delhi Capitals ...
Read More

Harmanpreet Kaur’s statement after Mumbai Indians women’s team won the WPL 2023 trophy

Statement of Harmanpreet Kaur: The final match of the first season of the Women's Premier League (WPL) was played on ...
Read More

WPL 2023: Mumbai Indians became the winner of the first season of Women’s IPL, know who got which award, prize money and everything

WPL 2023 Final:The final match of the Women's Premier League was played between Delhi Capitals and Mumbai Indians on 26 ...
Read More

Leave a Comment