Regarding the recent US banking crisis
Yesterday, US Treasury Secretary Yellen said: If necessary, the federal government intends to provide guarantee support for deposits of more small and medium-sized banks.
Media reports: The US Treasury Department is studying whether regulators have the authority to temporarily guarantee deposits above the FDIC insurance limit without congressional approval. It is speculated that the insurance limit will double, or the FDIC may provide insurance for all deposits.
Therefore, US bank stocks soared, driving risk assets up sharply.
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