The Fed Steps In to Prevent a Banking Sector Collapse
A.M. Edition for March 13. U.S. regulators turned to emergency measures over the weekend to contain further potential fallout after the swift collapse of Silicon Valley Bank. WSJ finance editor Alex Frangos examines whether guaranteeing SVB deposits and taking control of a second bank will convince depositors their money is safe in U.S. banks. Plus, can a new submarine deal preserve the Western military lead over China? Luke Vargas hosts.
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