Feds take action after Silicon Valley Bank and Signature Bank fail – CBS News
Officials are stepping in after Silicon Valley Bank and Signature Bank failed last week to make sure deposits are safe for investors. Fast Company contributor James Surowiecki joins “CBS News Mornings” to discuss what went wrong and how the government is responding.
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Pedestrians pass in front of a Charles Schwab bank branch in downtown Chicago, Illinois. Christopher Dilts | Bloomberg | Getty Images Charles Schwab shares slid on Monday as worries about the state of regional banks deepened in light of the recent collapse of tech-focused Silicon Valley Bank and crypto-related Signature […]