The Big Bailout Bet
Markets are rattled and waiting for more shoes to drop.
SVB and Signature customers will be able to get their cash back.
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A US government intervention in the banking system wasn’t enough to stave off worries when markets opened on Monday. The three-day move in short-term Treasuries rivaled the tremendous bond market swings during 1987’s Black Monday stock market crash. Three banks have closed their doors in the matter of five days, and there are fears of more trouble under the surface.