Over the weekend, U.S. banking regulators devised a plan to secure active deposits made by bankers at SVB and Signature Bank.
The plan will allow the bankers at SVB and Signature to access their funds as early as Monday.
Along with that, the Federal Reserve is setting up a Bank Term Funding Program to safeguard financial institutions which may be effected by market instability, caused by the collapse of the two banks.
by Ryan Griffin