US lenders preparing for possible bank runs ...News

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US lenders preparing for possible bank runs
Banks borrowed a record $165 billion from the Fed after the collapse of Silicon Valley Bank US banks took out a combined $164.8 billion in loans from two Federal Reserve facilities over the past two weeks, Fed statistics released on Thursday showed. This came as lenders rushed to backstop liquidity in the event of bank runs in the wake of the Silicon Valley Bank collapse. According to the data, US lenders borrowed $152.85 billion from the discount window in the week ending March 15, up from $4.58 billion in the previous week. The figure, which marks an all-time high, topped a record set during the 2008 financial c

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