American banks borrowed a record $164.8 billion from the Federal Reserve System (Fed), against the background of the situation with the bankruptcy of Silicon Valley Bank (SVB) for the seven days ending March 15, calculated Bloomberg agency based on data from the regulator.
Approximately $152.8 billion was raised through a discount window of up to 90 days (a facility that offers short-term loans to commercial banks). how about a week ago Wrote Banks borrowed $4.58 billion, according to the Wall Street Journal.
The previous credit record was recorded in 2008, when credit institutions received $111 billion from the Fed due to the financial crisis.
At the end of last week, the press service of the Federal Deposit Insurance Corporation (FDIC) reported About the destruction of the American SVB, which ranks 16th in terms of assets in the United States. Silicon Valley Bank has become the largest bankruptcy bank in the last 15 years.
On the eve of the Swiss Credit Suisse press service statedthis administration will borrow up to 50 billion Swiss francs (approximately $53.7 billion) from the Swiss National Bank.
Bloomberg this week Wrote About $465 billion lost in global financial markets in just two days on the backdrop of the SVB’s bankruptcy.