After the closure of Silicon Valley Bank, American consumers have transferred deposits to Morgan Chase, Bank of America, Citi Group, etc., which they think are "big".Bloomberg quoted sources as saying that Bank of America absorbed more than $ 15 billion (about S $ 19 billion) in just a few days.
(Washington Composite Electric) US media reports that the US Department of Justice and the US Securities and Exchange Commission have conducted investigations on Silicon Valley banks to determine whether the incident involves any improper or illegal acts.As the market's concerns about the spread of crisis ease, US banks have begun to recover.
The New York Times Washington Post and the Wall Street Journal quoted on Tuesday (March 14) quoted by insiders that the US Department of Justice is investigating the closure of Silicon Valley Bank, and the investigation is still in a preliminary stage.The US Securities and Exchange Commission (SEC) also launched an investigation on this matter.
The Ministry of Justice and the Stock Exchange refused to comment on reports.
The chairman of the Sighes of the Fair, Gustler, stated on Monday that it will investigate and take law enforcement actions against the behavior of violating the Federal Securities Law, but it will not be named any company.
In the past week, three banks in the United States have fallen, causing turbulence in the financial market.On March 8, Silvergate Capital announced the voluntary liquidation of its Yinmen Bank.On the 10th, Silicon Valley Bank closed down due to financial issues, and the New York Signature Bank was also taken over by the regulatory agency two days later.
According to Bloomberg, the informed person reported that before the logo bank was taken over, the US prosecutor had investigated the exchanges between the banks and customers that emphasized the banking industry.
It is reported that investigators of the Ministry of Justice in Washington and Manhattan are investigating whether the bank has taken sufficient measures to discover potential money laundering behaviors, such as checking accounts and monitoring transactions.It is reported that the SSE is also conducting relevant investigations.
In order to stabilize the market, the U.S. regulatory agencies promise to ensure deposit deposits and set up plans to assist domestic banks financing.Reuters quoted unnamed officials on Tuesday that the White House was also closely paying close attention to the situation of First and Bank of the First and Bank.
When asked whether the US regional banks still face the risk of extrusion, officials pointed out that the official actions have greatly improved the situation of the banking system, and US depositors will be protected by their funds.
The White House is also closely reserved whether the Italian bank flows into a large amount of deposits
Officials say the White House is also closely reserving whether the Italian banks flow into a large amount of deposits.He emphasized that the government is committed to ensuring that the banking industry is booming and allowing community banks to compete with large banks.
It is reported that after the closure of the Silicon Valley Bank, American consumers have transferred deposits to Morgan Chase, Bank of America, Citi Group, etc. they think they are "big enough".
Bloomberg quoted sources as saying that Bank of America absorbed more than $ 15 billion (about S $ 19 billion) in just a few days.
U.S. Federal Deposit Insurance Corporation (FDIC), which takes over Silicon Valley Bank, has transferred bank deposits to a transition bank.Tim Mayopoulos, president of the transition bank, issued a statement on Tuesday to urge the depositors not to transfer deposits.
He said: "We are doing everything to revitalize the constraints, win back your trust, and continue to support the innovation economy."
The US regional bank stocks recovered on Tuesday. The S & P 500 banking index rebounded 1.4%.
CRESSET CAPITAL chief investment officer Abuhling believes: "If there is no recent closure incident that has attracted attention, market concerns will subscribe."
At present, investors are still concerned about the financial status of small banks, financial regulatory regulations, and officials tending to protect depositors rather than shareholders rather than shareholders.
The Chairman of the US Senate Banking Committee, Brown, urged legislation to strengthen the stress testing, capital and liquidity standards in the banking industry on Tuesday, but he also acknowledged that Congress is unlikely to tighten bank supervision.Brown also stated that he hoped that the Federal Reserve would suspend interest rate hikes.
