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🏦 With SVB and Signature, the US is making a “systemic risk exception” for systemically unimportant banks

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🪟 The Fed’s discount window is lending to banks at 2008 levels

🌐 Silicon Valley Bank’s collapse is hitting financial hubs around the globe

Correction: A previous version of this article said NY DFS superintendent Adrienne Harris called Signature Bank a “national model” for regulating the digital assets space. The correct statement from NY DFS reads: “DFS has been facilitating well-regulated crypto activities for several years, and is a national model for regulating the space.”  

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